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    schmidt's Avatar
    schmidt Posts: 1, Reputation: 1
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    #1

    Apr 2, 2006, 12:17 PM
    Estate account
    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's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    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's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Apr 2, 2006, 01:58 PM
    You can pay any expense that is part of your mothers estate.
    fredg's Avatar
    fredg Posts: 4,926, Reputation: 674
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    #4

    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.
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