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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 else can I help you with?
Can you return a cashiers check you made out to payee?
Yes, you can return a cashier's check made out to a payee, but the process may vary depending on the bank's policies and whether the check has been cashed or deposited. If the check is still in your possession and hasn't been cashed, you can usually request a refund from the issuing bank. However, once the check is cashed, you typically cannot reverse the transaction, and you would need to address any issues directly with the payee. Always check with your bank for specific procedures and requirements.
Can you deposit a check made out to you into someone else's bank account?
No. A check can be deposited only into the account of the individual to whom the check is made out (issued) to. Depositing it into someone else's account is not allowed and even if done by mistake, the check will not be cashed and no payments will be made.
Is it possible to cash a check Made payable to the Estate Of?
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.
If I don't have a bank account, where can I get a personal check made out to me cashed?
If you don't have a bank account, you can cash it at a check cashing place for a fee. You could also sign it over to a third person, who can cash it on your behalf.
Can you cash a refund check made out to someone else if they sign the back of it?
No. A check can be cashed only by the individual to whom the check is made out (issued) to. No one else can cash it even if it is signed by the person to whom the check was given. If you try to do so, it is an illegal activity and you can be jailed for it. But, you can deposit that check into the account of the person to whom the check was given if he has signed the back of the check (endorsed it) and no one will stop you if you do this and it is perfectly legal.
Can you return a cashiers check you made out to payee?
Yes, you can return a cashier's check made out to a payee, but the process may vary depending on the bank's policies and whether the check has been cashed or deposited. If the check is still in your possession and hasn't been cashed, you can usually request a refund from the issuing bank. However, once the check is cashed, you typically cannot reverse the transaction, and you would need to address any issues directly with the payee. Always check with your bank for specific procedures and requirements.
Is it possible to obtain a check made out to cash that is traceable?
Yes, it is possible to obtain a check made out to cash that is traceable. When a check is made out to cash, it can be traced through the bank records, including the account from which the check was withdrawn and the person who cashed it.
Can you cash a check made out to the estate?
Yes. If you are the duly appointed estate fiduciary.
Can you deposit a check made out to you into someone else's bank account?
No. A check can be deposited only into the account of the individual to whom the check is made out (issued) to. Depositing it into someone else's account is not allowed and even if done by mistake, the check will not be cashed and no payments will be made.
What will happen if you cash a check you were sopposed to forword to your doctor?
It can depend on who the check was made out to. If it was made out to you, you haven't committed a crime, but the doctor is still out his money and will come after you for it. If the check was made out to the doctor and YOU cashed it and kept the money you have committed FORGERY and FRAUD.
What happens if aunt is made the administrator of estate but did not inform court of decedents grand kid's of her predeceased children?
The court should be notified of the additional heirs by filing an amended petition for administration ASAP. That will delay the probating of the estate because the newly added heirs at law will need to be notified of the probate proceeding.
Who should the earnest money check be made out to?
The earnest money check should be made out to the seller or the seller's real estate brokerage.
Is it possible to cash a check Made payable to the Estate Of?
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.
Can a check made out to a business be cashed at a check cashing store?
It depends on the store. Most stores will do it if the business is in good standing. However, call ahead to ask the manager. For info on check cashing or where to get a check cashed you should go here... they have a nationwide store finder and FAQ and other very useful info. Cheers! In Canada it is against the law to cash a cheque that is made out to a company or business , however this may be allowed in some other country.
What is the law on stop payment on a check?
The usual guidelines on stop payment on checks are:Any person who issues a check has the right to give a stop payment on itStop payment advise must be issued before the check is cashed or paidIf the stop payment is given after the check is cashed, it is uselessIf a person issues a stop payment, he/she is still liable to pay the money to the person to whom they had given the check.
If I don't have a bank account, where can I get a personal check made out to me cashed?
If you don't have a bank account, you can cash it at a check cashing place for a fee. You could also sign it over to a third person, who can cash it on your behalf.
What is the difference between a gift tax and estate tax?
Estate taxes are the taxes imposed on a decedents estate, whether state, federal or both) to remove the property out of the decedents name and placed into a living beneficiary's name. A gift tax is a tax on any gifted amount over the maximum lifetime gifts made by an individual from their estate to another party. This gift tax is paid by the individual giving the gift, not the person receiving the gift. The federal amount per person for a gift changes and you must keep note of this, however this gifted amount can be given each year to any number of people with no gift tax so long as it is under the maximum life amount for gifting under the uniform gifting code.
