By Cynthia McLagan, EA Choosing a personal representative is one of the most consequential decisions you’ll make when planning your estate. Failing to choose the right person—family member or otherwise—could result in the mismanagement of your estate. This, of course, could cause your wishes to be disregarded. If you don’t name a personal representative in your will, […]
Choosing a Personal Representative for Your Estate, Part 2: Avoiding Family Feuds
By Cynthia McLagan, EA In Part 1 of this two-part blog series, I explained the role of a personal representative and why it’s so critical to your estate. You can read it here. When choosing a personal representative for your estate, your first choice is likely to be a family member, such as your eldest child. But this might not always […]
Quick Reference Guide: What to Do When Someone Passes
By Cindy McLagan, EA The overwhelming emotions you may experience after losing a loved one are difficult enough. Add in the task of handling their personal affairs, and the situation can begin to feel downright discouraging and intimidating. To help you through the process, I’ve assembled a list of tasks you can use as a […]
3 Must-Have Professionals for Your Estate Planning Team
By Cindy McLagan, EA Estate planning is the process of determining what will happen to your funds, assets, and general finances after your death. While it may not be the most pleasant thing to think about, JAK estate planning services helps ensure your wishes are carried out in the future. A wise first step is […]
Which Type of Trust is Best for You?
By Cindy McLagan, EA If you’re looking for a way to minimize gift and estate taxes, creating a trust could be a solution. Many types of trusts exist, and each has a specific purpose. The type you choose—as well as how it’s created—will depend on what you’re trying to accomplish. Although establishing a trust requires […]