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Commodities vs Securities

In a broader sense, both commodity and security are assets. Assets are either commodities or securities. However, it needs to be clarified with digital assets.

The simple answer to the question, do you need a lawyer to get a power of attorney, is no. Although it is a legal document carrying sensitive information as it is a matter of life and death, it is so simple that you can do it yourself without getting help from an attorney.

Power of attorney is a legal document that authorizes the nominated person to make decisions on behalf of the person nominating him. If he is authorized to make financial decisions, it is called a financial power of attorney, while medical decisions are covered under a medical power of attorney.

Financial power of attorney or POA is a legal document that grants a trusted agent the authority to act on behalf of the principal agent in financial matters. The trusted agent is the person to whom the power is vested, while the principal agent is the person who grants this authority.

An estate settlement occurs when the court approves the final report submitted by the executor or administrator. At the same time, the executor's report contains details of payments of the deceased's debts, including taxes and loans. In contrast, any receipts from the sale of assets go to heirs or will beneficiaries.

In today's ever-changing financial landscape, making sure you are ensuring the security of your financial future is more important than ever. Life has many uncertainties; if you plan it properly, you could avoid finding yourself in a financial mess. This is where financial planning is essential.

In the dynamic world of business, success isn't just about innovation and hard work; it's also about strategic planning, especially when it comes to your business plan and your business financials. In this blog, we'll explore why a business financial plan is essential and what crucial elements it should contain. Business financial planning is more than just a buzzword and more than just a good idea. It's the key to sustainable growth and prosperity.

You’ve probably heard the saying “Those who fail to plan, plan to fail.”