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Risk and Reward on Court Ordered Accounts

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Do we have to open court ordered accounts?

No. Some institutions do not open court ordered accounts like estates and guardianships. It may be there was a loss in the past or that there is just not enough staff to keep an eye on the requirements in the paperwork. For example, if you have Co-executors who have to act together, your system may not be able to manage that and you will have to refuse the account.


Learn more about Deborah Crawford’s

Reviewing Legal Documentation on Deposit Accounts webinar.

First published on 03/21/2021

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