It has been a tough week for me as some unfortunate events happened. I shall not go into the details of what happened but rather focus on the planning aspects before any unfortunate events happen in our lives.
The following is what I think will help at least alleviate some of the problems which we will encounter if something unfortunate happen to us or our loved ones:
Lasting Power of Attorney (LPA)
The lasting power of attorney or LPA in short is a legal document which allows a person to voluntarily appoint one or more persons (‘donee(s)’) to make decisions and act on his behalf should he lose mental capacity one day. A donee can be appointed to act in the two broad areas of personal welfare and property & affairs matters.
I first heard of LPA a few years back from a colleague but didn’t really understand how important it …