How does my son cash a check from a wrongful death suit with him as the Executor
My son was named the Executor of my mother's estate ( already probated 3 years) he is receiving a settlement from a wrongful death case. There no outstanding debts for the Estate that needs to be paid, this is strictly his part of the settlement. Does there need to be an Estate account opened or can he just deposit ?
The bank we deal with now ( 8 yrs) will not deposit the check into account without an updated testamentary which again has to go through Probate and will take another 3months or so, and by that time the check will more than likely be VOID from the insurance company. I have asked the lawyers handling the wrongful death suit to make it out to him alone, no Executor, no Trustee, just him name, but I am told it can't be done that way.
What should we do?