Estate Account
A dedicated bank account the executor opens to hold and manage the estate's money.
What Estate Account means in an estate
After being appointed, the executor or administrator opens an estate account, usually using an estate tax ID number, to collect the deceased person's funds, deposit income, and pay debts and expenses. Keeping estate money in this separate account, never mixed with personal funds, is a core part of the fiduciary duty and makes the final accounting possible.
How this works in your state
The concept is national, but the forms, procedure names, thresholds, and filing practice vary by state. Open your state glossary and guides to see how estate account is handled where the estate is being settled.
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Information current as of April 4, 2026
Settled Estate is not a law firm, and this content is for informational purposes only and does not constitute legal advice. Probate laws and procedures in your state can change. Consult with a qualified attorney for advice specific to your situation. Full disclaimer.