Should You Use LPA Form 1 or Form 2?

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Providend

Providend

Күн бұрын

Being a trusted adviser to our affluent clients for over two decades, we help them attain peace of mind by planning ahead and ensuring their true intentions are reflected.
Through deep conversations with our clients, we work closely with them to ensure their wishes are respected through thoughtful contemplation, clear communication, and detailed documentation. This includes crucial decisions about their future medical care, finances, and personal preferences, acknowledging that advancing in years may bring challenges to decision-making due to illness or mental incapacity.
You have probably heard about the Lasting Power of Attorney (LPA), but did you know there is an LPA Form 1 and LPA Form 2? Under what circumstances should you consider preparing an LPA Form 2? In this video, Cynthia Tang from Tang Thomas LLC gives a detailed breakdown for your consideration.
Timestamp:
00:02 Form 1 LPA.
02:08 Form 2 LPA.
04:39 Restraining the donor and making life-sustaining treatment decisions.
05:49 Healthcare treatment or clinical trials.
06:34 Insurance or CPF matters.
08:09 Form 1 LPA limitations.
09:46 Form 1 LPA's focus.
10:55 Form 2 LPA's usefulness.
Listen to this podcast where our CEO, Christopher Tan, explores the end-of-life planning process, explaining the importance of documents like the Advance Medical Directive (AMD), Lasting Power of Attorney (LPA), and Advance Care Plan (ACP), and why it’s essential to complete these documents early, while in good health: • S2E16: All You Need to...
With a minefield of financial misinformation out there, we promise to be a safe pair of hands and a second pair of eyes to help you avoid costly financial mistakes. You can reach out to us for sound advice tailored to your unique situation: providend.com/...
Music courtesy of ItsWatR.
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▸Providend's Money Wisdom Podcast Season 3 at providend.com/...
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