I was the executor of my late father's estate. I am in receipt of a royalty check made out to him, and I have no idea what to do with it. Can I endorse it "John Doe, Jr., executor of the estate of John Doe, Sr."? Will a bank cash it?
If your appointment as executor is still effective, you could use that format to endorse the check. It's likely that a bank would require you to deposit the check into an estate account, rather than cash it.
If the estate has been settled and closed, you may need to reopen it with the clerk of the probate court in order to have your appointment extended before negotiating the check. If you believe future royalty checks may be expected, contact the issuer to have the rights to those royalties transferred to you or a third party.
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.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
If your appointment as executor is still effective, you could use that format to endorse the check. It's likely that a bank would require you to 