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

    Jul 13, 2011, 11:14 AM
    Money in estate account?
    Can the funds of the from an estate account be taken out by the administor of the estate.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Jul 13, 2011, 11:20 AM

    For what purpose?
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
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    #3

    Jul 13, 2011, 04:19 PM
    Once the executor has been duly processed (notarized forms from other heirs etc), then that person can open an estate account and withdraw funds as needed. This assumes no bank trustee. If the other heirs don't like it, they have to sue.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #4

    Jul 13, 2011, 04:53 PM

    The executor of an estate has a fiduciary responsibility. They can use funds in the estate accounts for any purpose relating to the estate. They will however, need to provide a full accounting of what they used estate funds for.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #5

    Jul 13, 2011, 07:13 PM

    We do need you to return and use the answer feature to give us more info so we can help you
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