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Opened settlement bank accounts?
Opened settlement bank accounts?

Why are new bank accounts necessary to settle the Estate?

Updated over 2 months ago

Settlement-specific bank accounts can be utilized to pay expenses and collect proceeds during the settlement process. For instance, paying utilities for a property or collecting proceeds from an Estate sale or auction. It is crucial to initiate this process early to ensure transparent, comprehensive, and accurate accounting throughout the settlement process. Co-mingling funds in personal or pre-existing Estate accounts is strongly discouraged.

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