An Executor named by the Testator under a Will does not have to be a relative. It can be a friend. An out of state person can serve as executor, even if that person may have to rely on an in-state attorney to assist with ministerial acts. A financial institution may be willing to serve as an executor. If you are considering a financial institution you should speak with the institution to make sure they are willing. Typically, a financial institution will turn down the opportunity if the estate is below a minimum value. Some attorneys are willing to serve as executors.
Answered on Feb 22nd, 2016 at 3:26 AM