Understanding the legal documents available for future planning is essential for making informed decisions. So, what is the difference between a Lasting Power of Attorney (LPA) and an Advance Medical Directive (AMD)? Fear not! In this guide, we will compare these two documents so that you can decide which is best for your situation.
Read on for a comprehensive comparison of LPA and AMD, including their purposes, benefits, and how to decide which you should prepare to secure your future!
What is Lasting Power of Attorney (LPA)?
As we explained in previous guides, a Lasting Power of Attorney (LPA) is a legal document that allows you to appoint someone you trust (called a donee) to make decisions on your behalf if you are no longer able to do so yourself, due to illness, accident or any other reason that affects your mental capacity.
It is important to know the different LPA forms based on the scope of authority. There are two main types of Lasting Power of Attorney (LPA) forms. To give you a brief explanation:
LPA Form 1 is the standard form and it is used when granting your chosen donee/s general powers to make decisions on your behalf regarding your personal welfare and property and affairs.
LPA Form 2 is the customised version for situations where you need more control over the powers granted to your donee/s. It allows you to specify exactly what decisions your donees can make and under what circumstances.
If you are considering applying for LPA, it is better to look for a Legacy Planning expert, like The Life Legacy, to guide you properly.
What is Advance Medical Directive (AMD)?
An Advance Medical Directive (AMD) allows you to make decisions about your medical care in advance. By outlining your wishes regarding the withholding of life-sustaining treatment if you become terminally ill and unconscious, an AMD offers peace of mind for both you and your loved ones. It clarifies your wishes, eases the burden of decision-making on your family, and alleviates any potential guilt they might feel.
Key Differences Between LPA and AMD
Both LPA (Lasting Power of Attorney) and AMD (Advance Medical Directive) are important for planning your future in Singapore, but they serve different purposes:
Decision-Maker:
LPA: You appoint someone (the Donee) to make decisions on your behalf regarding financial and personal welfare matters if you lose mental capacity.
AMD: You, yourself, express your wishes about medical treatment in the event that you are terminally ill and unconscious. Three doctors must agree unanimously and will act according to your AMD.
Scope of Decisions:
LPA: Covers a wide range of decisions, such as selling property, managing your finances, or choosing your place of residence.
AMD: Focuses specifically on medical treatment, specifically about wishing not to receive life-sustaining measures, if you are terminally ill and unconscious.
Timing:
LPA: Only comes into effect when you lose mental capacity, as certified by a doctor.
AMD: Comes into play when you are terminally ill and unconscious.
In short, an LPA grants someone you trust the power to make decisions for you, while an AMD is a legal document that informs your doctor about your wish not to receive any extraordinary life-sustaining treatment to prolong your life.
Which One Do You Need: LPA or AMD?
As explained above, LPA and AMD are both important for security. The best choice will depend on your situation and the scope of authority your donee will have.
If you're unsure about which document you need, or if you'd like help with creating either an LPA or AMD, it's wise to consult with a Legacy Planning expert, just like The Life Legacy. These professionals can guide you through the process and ensure your wishes are clearly documented.
Introducing The Life Legacy: Your Best Legacy Planning Partner
Navigating legal documents can be tricky. That's where The Life Legacy comes in! Our Legacy Planning experts can help you understand the difference between an LPA and AMD, and guide you through creating the documents that best suit your wishes.
Here's how The Life Legacy can help:
Clarity: We'll demystify the legalese and explain the intricacies of LPAs and AMDs to level your understanding.
Bespoke Planning: We'll work with you to create a tailored plan reflecting your wishes and values.
Peace of Mind: Knowing your future is secure will bring you and your loved ones peace of mind.
Don't delay. Take control of your legacy. Contact The Life Legacy to schedule a consultation and see how we can help you secure your future.
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