14 min

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

    • Investing

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
---
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
Follow BT Money Hacks podcasts every first, third and fifth Monday of the month:
Channel: bt.sg/btmoneyhacks
Amazon: bt.sg/mham
Apple Podcasts: bt.sg/oeXe 
Spotify: bt.sg/oeGN 
Google podcasts: bt.sg/oeGP 
Website: bt.sg/moneyhacks
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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Discover more BT podcast series:
BT Mark To Market Podcast at: bt.sg/btmark2mkt 
WealthBT at: bt.sg/btwealthbt
PropertyBT at: bt.sg/btpropertybt
BT Market Focus at: bt.sg/btmktfocus
BT Podcasts at: bt.sg/pcOM
BT Branded Podcasts at: bt.sg/brpod
BT Lens On: bt.sg/btlenson
See omnystudio.com/listener for privacy information.

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
---
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.
---
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
Follow BT Money Hacks podcasts every first, third and fifth Monday of the month:
Channel: bt.sg/btmoneyhacks
Amazon: bt.sg/mham
Apple Podcasts: bt.sg/oeXe 
Spotify: bt.sg/oeGN 
Google podcasts: bt.sg/oeGP 
Website: bt.sg/moneyhacks
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. 
---
Discover more BT podcast series:
BT Mark To Market Podcast at: bt.sg/btmark2mkt 
WealthBT at: bt.sg/btwealthbt
PropertyBT at: bt.sg/btpropertybt
BT Market Focus at: bt.sg/btmktfocus
BT Podcasts at: bt.sg/pcOM
BT Branded Podcasts at: bt.sg/brpod
BT Lens On: bt.sg/btlenson
See omnystudio.com/listener for privacy information.

14 min