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Estate Account Location

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Question: 
Can an estate account be opened in a different state from the one the decedent resided in? We have an executor who lives in our state, but the decedent is from a different state. The executor would like to open an account with us after she was told by larger regional banks that they would not open an estate account if the decedent and executor did not live in that same state.
Answer: 

It is hard to say, since you failed to mention the states that are involved. Talk to your legal counsel.

First published on 10/23/2022

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