oboloo Glossary

Letter Of Instruction To Financial Institution

oboloo Glossary

Letter Of Instruction To Financial Institution

Letter of Instruction to Financial Institution is a document that outlines a person’s financial affairs, such as their assets and liabilities. It is used to provide information to banks and other financial institutions so they can manage the funds in accordance with the individual’s wishes. This document can help individuals during times of transition, such as after death or when moving from one country to another. By providing clear instructions via the letter of instruction, it ensures that an individual’s financial wishes are carried out in the manner that they intended.