View Full Version : Estate account
schmidt
Apr 2, 2006, 12:17 PM
I am the sole heir to my mother's estate;opened an estate acct. My question is what do I do with the money in that acct? Can I use it to pays bills such as home owners insurance,etc.
CaptainForest
Apr 2, 2006, 01:19 PM
Yes.
Assuming the home owners insurance is for your mother's house.
You can use the money to pay for any debts that her estate is incurring.
Fr_Chuck
Apr 2, 2006, 01:58 PM
You can pay any expense that is part of your mothers estate.
fredg
Apr 2, 2006, 01:59 PM
Hi,
If you are the Executor of the estate, I highly recommend getting a lawyer, and/or a CPA to give you some Professional advice. Best wishes.