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Signers on Estate Accounts

by John Burnett, BOL Guru
Guru Bio

Question:  Can there be additional signers other than the executor of the estate on the account when opening an estate account?

Answer:  That will be a matter addressed by state law. Generally speaking, the personal representative of an estate cannot delegate responsibility to anyone else. Co-executors or co-administrators may both sign on an estate account, but authorized signers should be avoided unless you see a court document that specifically permits it or you get an opinion from bank counsel that your state would allow it.

First published on BankersOnline.com 4/21/08




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