Appointing a trusted person to help with financial obligations can give you peace of mind. In his personal finance column for CTVNews.ca, Christopher Liew outlines the key benefits of naming a confidant to take over your financial responsibilities, if the need ever arises.
In his personal finance column for CTVNews.ca, Christopher Liew outlines the key benefits of naming a confidant to take over your financial responsibilities, if the need ever arises If something unexpected happened to you today, who could you trust to take care of your affairs?
Perhaps the individual you originally named may not be the person for the job anymore. Or, perhaps, they still are, but will need to learn and adapt more to better handle the responsibilities you may plan to pass on to them.Encourage open dialogue whereby your named contact can provide feedback on their experiences dealing with your financial institutions or managing your affairs. This can help identify areas for improvement in how they fulfill their responsibilities.
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