Estate Bank Account

A Bank Account set up to collect the deceased person's cash assets and pay bills of the estate. Once an executor has been appointed by the probate court they can set up an Estate Bank Account to complete the Probate process and distribute any additional funds according to the Will, Trust or Intestate laws.

Words commonly used with this term include:

James F. Roberts
Founder and owner of the Law Office of James F. Roberts and Associates, a premiere estate planning law firm