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On Target Financial

 

5301 SW 7th Street, Topeka, KS 66606

 

Phone:  785-272-5000

Fax:      785-272-6725

 

Joseph G. Prokop, CFP®, CRPC®

 

Website: www.ruontarget.com

May/June 2022

The Name Game

The Name Game

A will specifies who should receive your assets when you die. But that’s not its only purpose. A will also names someone to settle your estate, as well as someone to care for any minor children you leave behind.


Your Personal Representative
The person (family member or professional) who serves as your personal representative (formerly known as an executor) has a time-consuming job. Some tasks include:
  • Executing your will

  • Obtaining copies and distributing the death certificate

  • Identifying and paying creditors

  • Collecting and distributing assets

  • Keeping records of all payments, deposits, and distributions and sharing that information with heirs

  • Filing final tax returns


Your Child's Guardian
The person you choose as guardian will make legal decisions on your child’s behalf. He or she will be responsible for your child’s personal care, medical and financial needs, and education. When naming a guardian, consider your child’s feelings and relationship with the person you appoint.


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Investment advisory services offered through Cambridge Investment Research Advisors, Joseph Prokop, Investment Adviser Representative. Cambridge and On Target Financial are not affiliated.
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