Protect your investments, name a trusted contact person [Video]

If something unexpected happened to you today, who could you trust to take care of your affairs?

Appointing a trusted individual to help you handle your financial obligations can provide you with peace of mind by providing an extra layer of security. This can be particularly useful in unforeseen circumstances that could impair your ability to manage your finances, such as health issues or cognitive decline.

• The information you need to know, sent directly to you: Download the CTV News App

From preventing fraud to ensuring your investment choices reflect your true intentions, I’ll discuss some of the key benefits of naming a trusted confidant to take over your financial responsibilities.

What is a trusted contact person?

A trusted contact person acts as a safeguard, providing your financial institutions with a reliable point of contact in situations where you may be unreachable or unable to manage your affairs, according to RBC Bank.

This individual does not have the authority to …