Common use of Estate Accounts Clause in Contracts

Estate Accounts. An Estate Account may be established if either the deceased person or the Personal Representative of the Estate is a current TruStone Financial member. The Estate must have a TIN and all transactions must be completed by the Personal Representative in their representative capacity. The Personal Representative agrees to indemnify, keep indemnified and hold TruStone Financial harmless from, and against, any and all claims, demands, actions, proceedings, judgments, losses, damages, counsel fees, payments, expenses and liabilities whatsoever, which it at any time shall or may sustain or incur by and reason of: TruStone Financial having complied with the request of the Personal Representative concerning the account, any claims or demands, which may be made with respect to the Estate Account, XxxXxxxx Financial declining to honor the requests of the Personal Representative, or Payment or transfer of credit which TruStone Financial may give, make or permit with respect to this Agreement, whether through inadvertence, accident, oversight, neglect or otherwise. The liability of the Personal Representative under this Agreement shall accrue immediately upon the presentation of any claim by any of the Estate’s assigns, heirs or beneficiaries. This Agreement shall be effective and binding upon the Personal Representative and any successor.