Power of Attorney and Your Investments: 10 Tips

It’s never too early to consider how you want your financial affairs to be managed if something happens to you.

It’s never too early to consider how you want your financial affairs to be managed if something happens to you. One solution is to grant a power of attorney (POA) for your investment-account assets to your spouse, sibling, adult child, or close friend — someone you trust to act wisely and in your best interest.

Many factors determine the type of POA you need, and whether it will hold up when needed. FINRA is issuing this alert to provide tips and information when considering a POA for your investment-account assets.

What is a power of attorney?

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