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    roy freese's Avatar
    roy freese Posts: 2, Reputation: 1
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    #1

    Mar 25, 2006, 01:20 PM
    Estate accounts. & tax no.
    My brother is the exector of my aunts estate. He has a joint checking account. The aunt died. Before she died she sent in forms to sell 9 different stocks. If my brother calls the IRS for a tax no. and they give him one. Can he start putting in the stock checks in the bank and start use the money to maintain estate until probate appoints him? Or does he have to wait until the court appoints him and they give him a tax # ?
    roy freese's Avatar
    roy freese Posts: 2, Reputation: 1
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    #2

    Mar 25, 2006, 01:21 PM
    What about opening a brokarg account for stock checks.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Mar 25, 2006, 04:10 PM
    First depending on the size of the estate and the state you live in, you may or may not even have to go though probate.

    If he is the exector, at least in this state, he is "required" to open a checking account as an estate account and deposit all moneys in it.

    If it is a large esate, you would best to have him hire an probate attorney to supervise his doings.
    petersburg's Avatar
    petersburg Posts: 1, Reputation: 1
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    #4

    Dec 12, 2010, 08:19 PM
    My father had some credit union accounts on which he appointed me the beneficiary (his only child) Since my nae was on only one account they want me to place the other checks into an estate account with a tax id #. My father had a wife who already has an account for his estate of which we are selling property. Can I set up another account with tax id # separate from this? And if so how do I go about this? Petersburg Va
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