Can I Deposit Estate Reimbursement Checks in a New Account? | NC

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Q: Can I deposit estate reimbursement checks into a new estate bank account? A: Yes. If you have received letters testamentary, you can generally open a bank account in the name of the estate and deposit checks made payable to the estate into that account. Do not deposit estate checks into your personal account. That can look like commingling, even if you plan to pay the money back later. The…