PathAfterEspañol

Bank Accounts and Financial Institutions

What if the bank account has no beneficiary and the estate is large enough to require probate?

Short answer

The executor — once appointed by the court — can open an estate bank account and manage funds through probate. The court issues letters testamentary, which the bank accepts as proof of legal authority. Until then, the account is frozen to unauthorized…

What this usually means

The executor — once appointed by the court — can open an estate bank account and manage funds through probate. The court issues letters testamentary, which the bank accepts as proof of legal authority. Until then, the account is frozen to unauthorized access.

What to do next

Related questions