There are several types of financial representatives. For example:
- Executor of your will
- Executor of your estate
- Trustee of a living trust
- Financial power of attorney
- Etc.
The financial representatives listed above must be legally established through the proper paperwork.
Things a financial representative might take care of in case you can’t:
- Access financial accounts
- Pay bills
- Handle financial problems
- Distribute your assets (as executor of your will)
- Etc.