LPA and ACP explained

Comfort-focused vs. cost-focused

Importance of communicating your ACP

ACP can limit costly treatment

ACP is not legally binding

Medical crises can quickly drain savings, especially if no one knows your treatment preferences. Costly procedures, frozen accounts and family disagreements are real risks without proper planning. Andrea Heng sits down with Allen Lim from the Asia Estate Planning Association to discuss how Advance Care Planning can help families act with clarity and confidence.

Editor's Note: This episode of Money Talks has been edited to remove an incorrect reference to the Advance Care Plan (ACP). An ACP is used for documenting future healthcare preferences and cannot be used to assign insurance policy ownership or nominations. Such arrangements must be made directly with the insurance provider. We apologise for the error.

Medical crises can quickly drain savings, especially if no one knows your treatment preferences. Costly procedures, frozen accounts and family disagreements are real risks without proper planning. Andrea Heng sits down with Allen Lim from the Asia Estate Planning Association to discuss how Advance Care Planning can help families act with clarity and confidence.
Editor's Note: This episode of Money Talks has been edited to remove an incorrect reference to the Advance Care Plan (ACP). An ACP is used for documenting future healthcare preferences and cannot be used to assign insurance policy ownership or nominations. Such arrangements must be made directly with the insurance provider. We apologise for the error.

Your weekly dose of personal finance with Andrea Heng. Here’s everything you need to know on how you can manage your money better. 

The views and opinions shared during this podcast series are those of the hosts and guests and do not necessarily reflect the views of Mediacorp Pte. Ltd. or its group of companies.

Your weekly dose of personal finance with Andrea Heng. Here&rsquo;s everything you need to know on how you can manage your money better.&nbsp;
The views and opinions shared during this podcast series are those of the hosts and guests and do not necessarily reflect the views of Mediacorp Pte. Ltd. or its group of companies.

Money Talks

Your weekly dose of personal finance with Andrea Heng. Here’s everything you need to know on how you can manage your money better.  

Your weekly dose of personal finance with Andrea Heng. Here’s everything you need to know on how you can manage your money better. &nbsp;