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Does my Executor need to be local?

March 23, 2022
John A. Cocklereece, Jr. Travis Woolen
Estate Planning Blog
Not necessarily. However, it may become more difficult for your Executor to handle the day-to-day matters of the estate if he or she is not local. This is particularly true if your Executor doesn’t have access to a local bank or attention is needed for other issues arising far away from the Executor. Logistically, correspondence with the local court and other institutions may be more difficult. Also, the Executor may be required to make a personal appearance at a court hearing.

Does my Executor have to be a family member?

February 17, 2022
John A. Cocklereece, Jr. Travis Woolen
Estate Planning Blog
No. Most people choose to name a family member as Executor, but this is not required. Some people choose to name professionals such as CPAs or attorneys. If you don’t have any family close-by or willing to serve, you could also select a close and trusted friend if he or she is willing to serve as Executor. If you would like to name a family member, keep in mind that the family member does not need to be a financial or legal expert to be a great Executor. Trustworthiness, organization, responsibility, and common sense will go a long way.
Estate Planning

What is an Estate Plan?

June 16, 2021
Travis Woolen John A. Cocklereece, Jr.
Estate Planning Blog
It is a fact of life that we are all going to die. And when we die, we are gone forever. However, the property we owned remains, as do our families and friends. We cannot avoid death, but we can plan for it. All of the property we own at our death comprises our “estate.” In essence, an estate plan is a set of actions we can take during our lives in anticipation of our inevitable deaths and estates we will leave behind. 

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