The state of Singapore’s PDD scheme
Tan Shen Kiat examines the development of the Professional Deputy and Donee scheme since its inception in 2018
Key points
What is the issue?
Cross-border issues relating to lack of mental capacity are on the rise in complexity and volume.
What does it mean for me?
Clients who own or intend to own assets in Singapore should put in place a lasting power of attorney via the appointment of a professional donee.
What can I take away?
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