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How a Lasting Power of Attorney can guard against financial abuse
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Donees can be appointed to act in the two broad areas of personal welfare and/or property and other matters.
PHOTO: LIANHE ZAOBAO
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SINGAPORE – None of us wants to think we might be rendered mentally incapable one day, yet sadly the risk is there, so drawing up a Lasting Power of Attorney (LPA) is essential.
This simple document can protect people from being exploited financially, and go a long way towards reducing the anguish and stress for loved ones dealing with the stricken person.
