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Something to really worry about with Paxum
Forget the Romanian bank issue.
Let's just talk about what a pain in the ass they are to get your monies or accounts validated sometimes with multiple IDs and the like and there is no real way to speak to those who actually make things happen but their lackeys.
Last year my mother, a former VP in a brokerage company here in the US died in July. She died with an airtight will and all accounts well laid for me and my father to handle.
All the money overseas in Switzerland and Lichtenstein has created major hassles and some of the US credit card companies, banks and brokerage accounts have also been a pain but NOT ONE OF THESE PEOPLE HAVE ASKED FOR THE TYPE OF DOCUMENTATION PAXUM DEMANDS. NOT ONE...and we are dealing with far larger numbers than anyone would ever run through Paxum.
Most of you using this service are under the age of 40 and I dare say don't think about what would happen to you and your money if you become incapacitated or die.
If it is so hard for you to get your money....what would your family do in the event of such a tragedy? Do they have an "estate" department that you can speak to? Do they snail mail statements so that someone who does not know about your account would be alerted that the account exists in your passing?
If you have a family with a wife, husband and even kids...this is what you should be considering.
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