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Nope, has to be deposited to an estate account. You can then go ahead and write a check to yourself from the estate account.... assuming you are the executor and have the authority to do so. Nope, has to be deposited to an estate account. You can then go ahead and write a check to yourself from the estate account.... assuming you are the executor and have the authority to do so.
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∙ 15y ago
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Can a cashier's check be made payable to cash?
No, cashier's check is a guarantee funds by the issuer bank and must have a guarantee payee. Never payable to cash.
How can a check made out to the decedent's estate be cashed?
A check made payable to the estate of a deceased person can be a problem. Legally, it must be cashed by the court appointed estate representative, i.e., the executor or administrator. If there is no other property owned by the decedent and no probate was filed, and if the decedent owned a joint bank account with another person, the bank may allow the check to be deposited in that account. However, if that doesn't work then a probate will need to be filed to establish the identity of the person who can legally cash the check.
Can you cash a cashiers check that you made payable to someone else?
RECEIVABLE
A check is made payable to two people do both parties have to be on the checking account in which the check is deposited?
No
When making a TT and L payment at the bank who should the check be made payable too?
To the bank
Is a check made payable to cash negotiable?
Yes, a check made payable to cash can be negotiated by whoever holds the item.
What checks can be deposited into an estate bank account?
Checks made payable to the Estate, or to the Trustee of the Estate in their capacity as Trustee, and/or to the individual for whom the Estate is named.
Who is the person to whom a check is made payable is called?
The payee
Can a cashier's check be made payable to cash?
No, cashier's check is a guarantee funds by the issuer bank and must have a guarantee payee. Never payable to cash.
How can a check made out to the decedent's estate be cashed?
A check made payable to the estate of a deceased person can be a problem. Legally, it must be cashed by the court appointed estate representative, i.e., the executor or administrator. If there is no other property owned by the decedent and no probate was filed, and if the decedent owned a joint bank account with another person, the bank may allow the check to be deposited in that account. However, if that doesn't work then a probate will need to be filed to establish the identity of the person who can legally cash the check.
What kind of insurance policies are subject to executor's fees?
Insurance policies owned by the decedent that do not name a beneficiary, those made payable to the decedent or to the estate are probate assets and thus subject to the executor's fee.Insurance policies owned by the decedent that do not name a beneficiary, those made payable to the decedent or to the estate are probate assets and thus subject to the executor's fee.Insurance policies owned by the decedent that do not name a beneficiary, those made payable to the decedent or to the estate are probate assets and thus subject to the executor's fee.Insurance policies owned by the decedent that do not name a beneficiary, those made payable to the decedent or to the estate are probate assets and thus subject to the executor's fee.
Can you cash a cashiers check that you made payable to someone else?
RECEIVABLE
A check is made payable to two people do both parties have to be on the checking account in which the check is deposited?
No
Is a CD part of the estate?
The value of that CD is an asset unless Payable on Death arrangements were made with the bank when the account was opened. In that case the proceeds do not become an estate asset.
Can a check made payable to one person be deposited to joint account?
yes
Do you sign the back of a cashier's check?
If it is made payable to you, yes. If you are the remitter (purchaser - person paying with the check), no.
Can you cash a check made out to the estate?
Yes. If you are the duly appointed estate fiduciary.
