Power of Attorney
Since people are taken into hospital on a daily basis, whether due to natural or unnatural causes, and become incapacitated for shorter or longer periods, loved ones, friends or family have to stand in to manage their financial and/or business affairs.
In many instances the families are therefore burdened with financial matters of which they have little or no knowledge. When this happens, you may be mistreated or lose enormous amounts of money due to the fact that no Power of Attorney (instruction) is in place.
Not only should instructions regarding financial affairs and business matters be in place, but steps to be taken and issues regarding whether your spouse should carry on the business should also be addressed, should you be in a coma or unable to communicate, or experience temporary/permanent disablement,
Legal issues that are addressed by MYPORTFOLIOVAULT CC include:
- who to appoint
- documentation needed to appoint a Power of Attorney
- the location of the original document of appointment of Power of Attorney
- reasons for your Power of Attorney to act on your behalf in all circumstances nominated by you
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the reason why your Power of Attorney must have instant access to all information stored at a single location at MYPORTFOLIOVAULT CC.
