View Full Version : Estate accounts
countrygirl1987
Jun 21, 2009, 04:31 PM
Can I get around having a lawyer to do an estate account?
ScottGem
Jun 21, 2009, 04:33 PM
By Estate account do you mean to handle the estate of a deceased person? If so, it would depnd on the complexity of the estate, the more simple, the less likely one is needed.
Fr_Chuck
Jun 21, 2009, 04:56 PM
An estate account is merely a bank account to put the money from an estate in, Your bank can show you how to handle this.
If you want to handle the actual estate though probate court, it can be simple if it is merely a small amount and not a lot of people fighting over it. But the larger it gets the more you need an attorney
countrygirl1987
Jun 21, 2009, 05:22 PM
An estate account is merely a bank account to put the money from an estate in, Your bank can show you how to handle this.
If you want to handle the actual estate though probate court, it can be simple if it is merley a small amount and not alot of people fighting over it. but the larger it gets the more you need an attorney
OK it has been through court I got permission to sell my deceased husbands estate and the first time he said 3 separate trust funds for the 3 children, the 2nd time he said 3 separate savings accounts and now he is saying an estate account. All that is involved was the house and land which I got permission to sell and I have already sold and everything is a done deal... and the bank keeps telling me to get a lawyer I do not have the efficient funds to hire a lawyer. So, what am I suppose to do?
Fr_Chuck
Jun 21, 2009, 05:26 PM
You use the information from the court where you are appointed over the estate, and you get a EIN number from the IRS.
I would say you went into the bank asking too many questions that triggered their concern over what you were doing.
You merely go in ( I would do a different bank at this point) with your EIN number, the letter from the court where you were put over the estate, and tell them you need an estate account.
** you can get a EIN number over the phone or online I believe.
It is so easy anyone can merely get a bank account for the estate as long as they are authorised by the courts to do so