Hey Bob, It's not going to be necessary, which is good because I'm in the same boat as you. Here is a quote from an ArenaNet employee taken off the GuildWars2Guru forums:
"Best Answer - Posted by Regina Buenaobra
From what the devs tell us, "Declaring your ancestor" to receive the Hall of Monuments rewards simply means linking your Guild Wars 2 game account with your Guild wars 1 game account, when Guild Wars 2 is released. You will be able to link a single Guild Wars 1 game account to your Guild Wars 2 game account, via a Guild Wars 2 in-game item. By using that item in Guild Wars 2, you'll be able to visit an instanced version of the Hall of Monuments where you can claim your rewards. You'll be able to do this on any Guild Wars 2 character that you want, as many times as you want. Whatever rewards you receive cannot be traded or sold. "
http://www.guildwars2guru.com/forum/...hall+monuments