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It depends on whether the executor has been appointed by the court and if the account was a joint account with the decedent and his partner.
- If the executor has been duly appointed they can access accounts solely owned by the decedent. That's their job.
- If the account is a joint account, it isn't a probate asset and the executor has no control over it. It belongs to the surviving joint owner.
What else can I help you with?
How does executor of a will access a checking account?
First they need a letter of authority from the court. They present that to the bank and will be able to access the account.
Can an executor borrow money from the estate checking account with intentions to pay it back within a couple of weeks?
Not without breaching their fiduciary duties. It would be irresponsible of the executor to do so. It could land them in trouble.
How can you get the money from your deceased mothers checking account?
The executor of the estate can close and empty the bank account. Distribution will be in accordance with the will. Consult a probate attorney in your state. You have to wait until the will goes through probate.
Do you have a right to see your parent's checking account if they have both died?
As an individual, you generally do not have an automatic right to access or view your deceased parent's checking account. After their death, the account typically becomes part of their estate, which is subject to the probate process. Only the appointed executor or administrator of the estate would have the legal authority to access and manage their financial accounts.
Who does the executor account to after probate?
No one, unless some malpractice is discovered on the part of the executor after the estate is closed and sues the executor. Once the estate is distributed and a final account is filed and approved the executor is discharged and the estate is closed. After that, the executor has no authority.
If you have a joint checking account and the other party on the account dies can the executor of the estate have rights to the monies in the account?
It depends on the type of joint account. See this article in Kiplinger's http://www.kiplinger.com/columns/ask/archive/2004/q0412.htm for a fairly detailed answer.
Is it a US checking account or an US checking account?
A US checking Account
How does an executor withdraw the balance of a bank account?
When the Will is allowed and the Executor is appointed by the court "Letters Testamentary" are issued to the Executor. Those Letters set forth the legal authority of the Executor and a copy should be presented at the bank to make the withdrawal and close the account.
What is a checking account frequently referred to as?
A checking account is also called a transactional account or chequing account.
How can you get the bank route number and your checking account number?
Your bank routing number is on the left side of the checking account and the checking account is next to it.
How is a business checking account different from a personal checking account?
A business checking account is different from a personal checking account by the minimum amount of desposit. You can read more at www.business.com › Directory › Financial Services › Banking
What is the purpose of high interest checking?
"A high interst checking account is a type of checking account that earns interest. Usually these accounts have higher interest than a regular checking account, but not as high as a savings account."
