Must I choose an executor that is local to effectively administer my estate?
When coming up with an estate plan, individuals may want a family member or loved one to be the executor of their will, sometimes referred to as the personal representative. The job is an important one: handling the financial obligations of the estate, including debts, taxes and other obligations imposed by the will.
The best person for these duties may very well live far away, in another state. However, some considerations might apply when choosing an out-of-state executor. 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. In Washington, a nonresident executor may be required to post bond and appoint someone who lives in the county where the estate is being probated to act as an agent. Your executor’s in-state agent will accept legal papers on behalf of your estate.
It can be a bit overwhelming, especially if you are just starting out with your estate planning. We advise that having an experienced estate planning attorney can provide a sense of understanding and security. Here at DAL Law Firm, we can help you navigate the planning process and make the best decisions for you and your family. Call or text us today at (206) 408-8158. We look forward to helping you.
19803 1st Avenue S.
Normandy Park, WA 98148
T (206) 408-8158
F (206) 374-2810
EDITOR’S NOTE: Sponsored Posts like this are paid, “Native Advertisements” that help businesses and organizations improve their internet presence and all-important SEO. To learn more about how you can directly reach our expanding, engaged audience in South King County, please email Theresa Schaefer at [email protected].