Estate Checking Account

Learn about the definition for this legal term.

What is Estate Checking Account?

A new account opened by the personal representative after the death of the decedent. The account is used to collect and deposit the proceeds of the estate assets, pay the bills, taxes, and expenses, and distribute the shares to the beneficiaries.

Further Reading

For more detailed information, see our related Wills Trusts And Estates terms:

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