SINGAPORE: A proposed amendment that would digitalise the making of a Lasting Power of Attorney could cut the waiting time needed to register an LPA from an average of three weeks to an average of eight working days, excluding a three-week mandatory waiting period.
Singaporeans would no longer need to print and submit hardcopy documents, or physically affix their wet-ink signatures and seals - steps currently required for hardcopy LPA deeds.Advertisement The latest changes, if passed, means an LPA could be registered in just eight working days, excluding the mandatory waiting period. Under the current system, MSF said it could take more than three weeks for an LPA to be registered.ELECTRONIC COPY OF LPA
This electronic copy would be kept by the Office of the Public Guardian and would be made the most up-to-date version.“This will give third parties greater confidence in transacting with donees as they will directly receive the most up-to-date electronic copy of the LPA,” said MSF.
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