QUESTION
Can the executor of the estate close a checking account
Asked on Aug 30th, 2020 on Wills and Probate - Texas
More details to this question:
Executor (who is the account owner) has removed an account signer from an account that handles revenue that is part of the estate.
1 ANSWER
2 Awards
The executor's job includes opening a new bank account for the estate and transferring to it all money in the estate, including money in a bank account held by the deceased. If the deceased owned 100% of that bank account, the bank account would then be closed.
Answered on Aug 31st, 2020 at 5:33 AM
This is general information. It cannot substitute for a personal consultation with an attorney. It is not intended to be legal advice or imply an attorney-client relationship.