The GP&A Wealth Management Team
June 11, 2021
Appointing an Executor
Estate planning is one of those subjects that can be difficult to address – no one likes to think about the circumstances which give rise to the need for estate planning, and of course it’s certainly not an overly uplifting topic of conversation. That doesn’t minimize the importance of dealing with the subject though, and it helps to approach it sooner rather than later.
One key question in estate planning is “who do I name as the executor of my estate for when I am gone?” For many folks their answer is a spouse, a relative, or a close friend, and while this may be a suitable option for some, there are some situations where appointing a corporate executor would be a more appropriate decision.
In the following article, “Should Your Client Use a Corporate Executor?”, several scenarios are presented where it makes sense to appoint a corporate executor, and some issues are noted which one should be mindful of when considering this option. And as always, if you have more questions around this important topic please reach out to us here at Girard, Pilkey & Associates.