Legal Question in Wills and Trusts in New Jersey

If you are a co-executor of an estate account can you close the account and open a new estate account with only your name not the other executor?


Asked on 6/16/16, 3:25 pm

2 Answers from Attorneys

Jonathan Chester The Law Office of Jonathan S. Chester, Esq., LLC

I would doubt you could do this, as the bank would require an original Surrogate's certificate in order to open the new estate account... and would see that there are two executors acting....That said, nothing surprises me these days when it comes to banks following simple rules when it comes to dealing with estate's so I suppose it's possible.

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Answered on 6/16/16, 3:30 pm
Miriam Jacobson Retired from practice of law

You may be able to do that, but you should not. You are not authorized to close the account and open a new estate account without the other co-executor unless the Surrogate's Office or a Court having jurisdiction over the estate has issued an order changing the Personal Representative from co-executors to you only.

THIS RESPONSE IS NOT LEGAL ADVICE, SINCE I DO NOT HAVE ALL OF THE INFORMATION THAT WOULD BE REQUIRED, AND I DO NOT HAVE A REPRESENTATION AGREEMENT WITH YOU.

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Answered on 6/17/16, 12:41 pm


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