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Adding a Signer to an Estate Account

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Question: 
Can an Administrator or Executor add a second signer to an estate account?
Answer: 

You should not allow it to happen unless you receive a document from the Probate Court that specifically authorizes it. An Administrator or Executor holds a fiduciary duty that cannot be delegated under the laws of most states. Although a trust department, attorney or accountant can be engaged to assist in the management of an estate the responsibility for managing the estate's accounts can't be shared.

First published on BankersOnline.com 2/23/09

First published on 02/23/2009

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