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 […]
Bookkeeper vs. Accountant: Which is right for your business?
By Teri MacNabb, CPA Part of owning a business is managing its finances. But if you’re up to your eyeballs in account entries, you may want to bring in someone to help. So, do you hire a bookkeeper or an accountant? The short answer: It depends. If you simply need someone to enter day-to-day transactions […]