Can My Donee(s) Give Away My Money as Gifts?

Published on 6th February, 2017 by Benjamin Li Yong Le

If a Donor gives his Donee(s) authority to make decisions about Donor’s property and affairs, it does not authorise his Donee(s) to dispose of his property by making cash gifts unless he specifically states so in the LPA.

If a Donor gives his Donee(s) authority to make decisions about Donor’s property and affairs, it does not authorise his Donee(s) to dispose of his property by making cash gifts unless he specifically states so in the LPA.

The LPA can impose restrictions on the amount of cash gifts per year or give the Donee(s) unlimited power to give cash gifts.

At L’Avocat Law LLC, our default position is to tick the “No cash gifts” option unless instructed otherwise by clients.

About the Author

Benjamin Li Yong Le (“Ben”) is an Advocate & Solicitor of the Supreme Court of Singapore. Ben is currently running his own boutique corporate and commercial law firm under the name and style of L’avocat Law LLC.