Lasting Power of Attorney fees waived for 2 more years

Lasting Power of Attorney fees waived for 2 more years
Posted 15 Aug 2016 10:31 Updated 15 Aug 2016 10:40

SINGAPORE: Fees for Lasting Power of Attorney (LPA) form 1 applications will be waived for a further two years, the Ministry of Social and Family Development (MSF) said on Monday (Aug 15).

An LPA allows a person who is at least 21 years of age to appoint one or more persons to make decisions for them should they lose their mental capacity.

In a press release, MSF said the new closing date for fee waiver is now Aug 31, 2018, "to encourage more Singaporeans to plan ahead with an LPA to protect their interests".

In a related blog post, Social and Family Development Minister Tan Chuan-Jin cited an Institute of Mental Health study, saying that dementia strikes one in 10 Singaporeans aged 60 and above.

"As our society ages, many of us are increasingly at risk of losing our mental capacity," he said. "It can happen to any of us. And if it does, I'm sure we would want someone we trust to make those important decisions such as our finances or those relating to our health and welfare on our behalf."

The minister added: "I encourage everyone to make a Lasting Power of Attorney early to give ourselves and our loved ones peace of mind in the event that the worst does happen."

- CNA/hs


- wong chee tat :)