Who will make decisions about your personal welfare or finances if you lose mental capacity? On this episode, host Lee Kim Siang talks to lawyer Stefanie Yuen Thio about the vital importance of setting up a Lasting Power of Attorney.

Highlights of the conversation:

01:41 What is a Lasting Power of Attorney (LPA)?

02:34 Why LPA is important for everyone

07:16 How LPA fits into estate planning

10:19 LPA Disputes within the family

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Now, we want to hear from you! Send us your questions, thoughts, story ideas, and feedback to btpodcasts@sph.com.sg. We’ll look into it for future episodes.

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Hosted by: Lee Kim Siang (kimsiang@sph.com.sg)

With Stefanie Yuen Thio, joint managing partner, TSMP Law Corporation

Edited by: Emily Liu & Claressa Monteiro

Produced by: Emily Liu

Engineered by: Joann Chai Pei Chieh

A podcast by BT Podcasts, The Business Times, SPH Media

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Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.

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S1E167: Planning for the worst with an LPA: BT Money Hacks (Ep 167)

BT Money Hacks

S1E167: Planning for the worst with an LPA: BT Money Hacks (Ep 167)