Validating a power of attorney
In addition to security, the broker's own professional business interests and continuing obligation to demonstrate "reasonable care" require verification of the POA grantor's identity and legal authority (position in a company or partnership) to enter into a POA.
This is a time-consuming task and can involve liaising with over 35 different European agents.
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There are several online services that can help you accomplish this for a fee, but you can actually do it yourself for free.
In fact, the State of Michigan provides help in planning for medical care in the event of loss of decision-making ability through the Office of Services to the Aging (OSA).