An Lasting Power of Attorney (LPA) allows a person to appoint someone (Donee) to make decisions on their behalf, should they lose mental capacity in the future. A Donee can be appointed to act in the two broad areas of personal welfare and/or property and affairs matters. The LPA also gives the authority to the Donee to sign deeds on the Donor's behalf.
While both Donee and Trusted Contact appointments are initiated by the CPF member, unlike a Donee, a Trusted Contact is not legally empowered to make decisions on the person’s behalf. The Trusted Contact can only receive a copy of their appointer’s notifications whenever important transactions occur in their CPF account.
You should also consider appointing an LPA as part of your
legacy planning if you have not done so already.
