Need advice on LPA FORM 2

[firsttimebuyer]

I need some advice on LPA Form 2.

I am 39 years old male, Singapore, sadly I have no wife and kids. I am planning to do a LPA FORM 2 in case something happens to me in the future.

However, my only available candidates for donee are my elderly parents and younger sister.

All 3 are financially unsavvy (my elderly parents rely on me and actually got my insurance policies a bit messed up). My younger sister has a long and continuous history of financial mismanagement.

Hence, I am looking to do a LPA FORM 2.

But I am not familiar with it. For example, can I set LPA FORM 2to be restrictive in the sense that my donee can only use my assets solely for medical treatment?

 

[reddevil0728]

I need some advice on LPA Form 2.

I am 39 years old male, Singapore, sadly I have no wife and kids. I am planning to do a LPA FORM 2 in case something happens to me in the future.

However, my only available candidates for donee are my elderly parents and younger sister.

All 3 are financially unsavvy (my elderly parents rely on me and actually got my insurance policies a bit messed up). My younger sister has a long and continuous history of financial mismanagement.

Hence, I am looking to do a LPA FORM 2.

But I am not familiar with it. For example, can I set LPA FORM 2to be restrictive in the sense that my donee can only use my assets solely for medical treatment?

PSA: To people who might want to help… TS has a habit of just creating threads and disappear.

not sure if serious about needing help or not…

—

anyway Form 2 requires lawyer to do it right?

ask lawyer?

 

[highsulphur]

Can always hire a professional donee

 

[firsttimebuyer]

Can always hire a professional donee

Could I please pm you to ask about this? Reason being I am leery of revealing personal details that can identify me

 

[highsulphur]

Could I please pm you to ask about this? Reason being I am leery of revealing personal details that can identify me

Just a quick search on Google can get what you want
https://www.msf.gov.sg/what-we-do/opg/about-PDD-scheme

 

[firsttimebuyer]

Just a quick search on Google can get what you want
https://www.msf.gov.sg/what-we-do/opg/about-PDD-scheme

Thank, actually I had seen that webpage before but looking to see to someone who had personal experience before.

 

[highsulphur]

Thank, actually I had seen that webpage before but looking to see to someone who had personal experience before.

Nope I don't have personal experience

Just did form 1 for myself.