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snow_lady [41]
3 years ago
10

Name four reasons to keep your money in a financial institution.

Geography
1 answer:
irina [24]3 years ago
8 0
1 - Taxes. Best way to keep your money legally is to keep it at a financial institution that honors your country's tax system and keeps you from paying fines or serving jail time.
2 - Accountability. You'll have an easier time proving the money is yours from the legal forms they are required to file.
3 - Survivability. If you want your financial assets to transfer to your legal heirs you need legal paperwork!
4 - Accessibility. Financial institutions usually provide easier access to your money and have procedures for liquidating non/cash assets.
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