Who is the Check for the Balance of a Deceased's Bank Account Made Payable to?
Full Question:
Can a check for the balance of a deposit account that was owned by the decedent be made payable to the petitioner's name presenting an order of summary administration or does the check need to be made payable to the estate of ______decedent's name?
06/14/2010 |
Category: Wills and Es... ยป Probate |
State: Florida |
#22386
Answer:
A check of the deceased's proceeds from a bank account may be made payable to the estate, or to the personal representative in their capacity as representative, i.e. Mary Doe, Executor of John Doe's estate. It will not be made out to the personal representative in their individual capacity. i.e. just written to Mary Doe.
Please see:
http://www.bankersonline.com/operations/guru2008/gurus_op111708a.html
