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Home >> Checks/Money Orders >> Checks You Received
Check in Limbo: What should I do?
I am the executrix of my mother's estate and my financial brokers made out a check to me as the executrix of the estate. My bank told me all I had to do was endorse it, but then said that they did not like my endorsement. I am not sure what this means. Can I deposit the check into my account or do I need an estate account. The man at my credit union didn't think that I needed an estate account, but now my check is in limbo. What should I do?
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 If the check was payable in the form "Sally Smith, Executrix, Estate of Sarah Jones," your endorsement should have been something like, "/s/Sally Smith, Executrix, estate of Sarah Jones," and not simply "Sally Smith." If this is the only check that will be issued for your mother's estate, and if you are the only beneficiary of the estate, your credit union representative was probably correct to say you could deposit it to your personal account. In that case, you should endorse it one more time with your signature.
However, if there will be more checks or there are others with an interest in the estate (including our friends at the IRS or state tax agencies), you should have an estate account into which you can place this type of payment and from which you can make disbursements. That keeps things in a tidy package when it comes time for you to make your accounting to the probate court on your actions as executrix.
Published on BankingQuestions.com 6/28/07
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