PSA - how to prepare for any future loss of mental capacity, and save $75.

For Singapore citizens who have not yet done up your LPA, note that the Office of the Public Guardian will start charging a registration fee of $75 from 1 April 2023 onwards.

In other words, if you've been planning to do up your LPA, but have been putting it off - get it done before 1 April 2023.

For those unacquainted with LPAs, in simple term:
- a Will comes into play when you shuffle off this mortal coil; whereas
- an LPA (Lasting Power of Attorney) comes into play if you're physically still around, but mentally gone.

You will need to see a Certificate Issuer to issue your LPA, who can be an accredited medical practitioner, a practicing lawyer, or a psychiatrist. More information here: https://lnkd.in/gqG2UvHa

I expect to see an uptick in requests for certificate issuance as we get closer to the deadline - don't leave it to the last minute.