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    estatehelp's Avatar
    estatehelp Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Nov 23, 2008, 01:24 PM
    Open an estate checking account
    What is the legally correct way to name and open an estate checking account?
    cdad's Avatar
    cdad Posts: 12,700, Reputation: 1438
    Internet Research Expert
    		  
    #2

    Nov 23, 2008, 04:19 PM

    Normally you would put the name of the estate on the header of the check. That's the entity that holds the account. The executor is the one responsible for the account. Is this an estate or a trust ?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Nov 23, 2008, 04:31 PM

    Estate of John Doe
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #4

    Nov 23, 2008, 06:03 PM

    Many people will also get a EIN number from the IRS to use for the account. But I don't believe it is requried
    mpherndon's Avatar
    mpherndon Posts: 1, Reputation: 1
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    #5

    Dec 12, 2010, 02:43 PM
    Comment on califdadof3's post
    Estate. We have a check for life insurance proceeds made payable to the Estate. My husband and I are Co-Executors.
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