My husband passed and I received a check as payoff of an auto loan, made out to the estate of his name. How do I cash it, so that I can pay off other medical bills owed? Do I have to set up an estate account, and if so how do I access it to pay off the outstanding bills?
Untitled
Before you can set up an estate account, you will need to be named by the probate court as executor or administrator of the estate. With that appointment, you can set up the needed account, deposit the check and withdraw the funds as needed.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.