Estate Bank Account

A bank account set up and used by an executorA person who is identified in a decedent’s will as the person the decedent wants to become responsible for administering the decedent’s estate according to the terms and instructions of the will. or administratorA person appointed by the probate court to manage the assets and liabilities of an intestate decedent. of a decedent’s estateThe assets and liabilities left behind by a decedent. to collect the decedent’s cash assets, to pay off the decedent’s liabilities, to pay the costs of administering the estate, and to make distributions to the estate’s beneficiaries.