You may be unable to manage your bank account if for example:
- You have to go abroad for a considerable period of time
- It is physically impossible for you to take care of your bank accounts because of an illness
- Or you simply don’t have enough time to do it
It is the case when you may give access and the right to operate with your bank accounts to another person. In order to be eligible to be selected as your legal representative, he / she must be an adult with full legal capacity to act and understand his / her actions.
It is the Power of Attorney the mean that gives to another person the authority to perform legal actions on your behalf. He can be a friend / a relative/ or a legal representative.
Power of Attorney is general when you give to the representative the right to perform a variety of legal actions involving a set of rights.
The Power of Attorney is special when you give to the representative the right to perform one or more specific legal actions, which are characterized by a common purpose.
To read more about the Power of Attorney, please click here.
Note: This material has been prepared in two languages, Albanian and English. In case of discrepancies between the two versions, the Albanian version prevails.