Mathilde, aged 65 is seriously ill-though sill mentally competent. She has therefore granted her son....
70.2K
Verified Solution
Link Copied!
Question
Finance
Mathilde, aged 65 is seriously ill-though sill mentally competent. She has therefore granted her son. Jim power of attorney so that he'll help manage her invesiments. She has contacted her life insurance agent, asking him to gather all he information needed to: 1) Transfer moneyfrom her balanced segregated fund into an income fund, and 2) Convert her RRIF into a life annuity Some signatures are required to complete the transactions.
which his power of attorney, what can Jim do it he goes to the agent's office by himself?
a. By providing a signature, Jim can audhonze the two transactions requested by Mathlde.
b. By providing a signature,jim can authorize the fund transfer, but Mathilde herself will need to sign
the documents for the RRIF conversion.
c. By providing a signature, Jim can authorize the RRIF conversion, but Mathilde herself will need to sign the documents for the fund transfer.
d. Nothing Mathilde herself will need to sign both request, since she is still mentally competent.
Mathilde, aged 65 is seriously ill-though sill mentally competent. She has therefore granted her son. Jim power of attorney so that he'll help manage her invesiments. She has contacted her life insurance agent, asking him to gather all he information needed to: 1) Transfer moneyfrom her balanced segregated fund into an income fund, and 2) Convert her RRIF into a life annuity Some signatures are required to complete the transactions.
which his power of attorney, what can Jim do it he goes to the agent's office by himself?
a. By providing a signature, Jim can audhonze the two transactions requested by Mathlde.
b. By providing a signature,jim can authorize the fund transfer, but Mathilde herself will need to sign
the documents for the RRIF conversion.
c. By providing a signature, Jim can authorize the RRIF conversion, but Mathilde herself will need to sign the documents for the fund transfer.
d. Nothing Mathilde herself will need to sign both request, since she is still mentally competent.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.