Estate Account definition

Estate Account means an Account that will be opened to settle the affairs of a deceased person.
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Estate Account has the meaning ascribed thereto in Section 1.1(g)(4) hereof.
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Estate Account shall have the meaning ascribed thereto in Subsection 1.1(h);
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Examples of Estate Account in a sentence

  • You may request the Credit Union facilitate certain Estate Account or court-ordered account arrangements.

  • An Estate Account may be established if either the deceased person or the Personal Representative of the Estate is a current TruStone Financial member.

  • An Estate Account is an account established by the personal representative, executor, executrix, administrator, or administratrix (“Personal Representative”) of the estate of a decedent.

  • The Executor/Executrix/ Administrator, an individual appointed in a will and approved by a probate court, must be eligible for Credit Union membership as an individual in order to open an Estate Account.

  • An Estate Account may be established if either the deceased person or the Personal Representative of the Estate has had a relationship with us for the past six months.

  • An Estate Account may be opened in order to administer the disbursement of an estate according to the directions of the will.

  • In order to open the Estate Account, the Executor/ Executrix/Administrator must present a short certificate as proof they are eligible to administer the estate.

  • Decedent’s Estate Account (Personal Representative) – An Estate is eligible for membership provided, (i) that the Estate is subject to the jurisdiction of the State of Michigan or will be distributed in accordance with Michigan law, and (ii) the person opening the account has been appointed and accepted, or filed, a Statement of Acceptance of the position of Personal Representative of the Estate, and (iii) the decedent was a member of the Credit Union in good standing at the time of death.

  • The additional specific terms and conditions in this clause 11 apply to each Estate Account or Trust Account.

  • In establishing an Estate Account you are certifying to the to the credit union that you’re the Personal Representative of the account owner’s estate and that you have provided the credit union with Letters of Administration from the appropriate probate court.


More Definitions of Estate Account

Estate Account has the meaning ascribed to it in Section 1.1(h)(iv)(B)(ii).‌
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Estate Account is an Account opened by the personal representative, executor, or administrator appointed by court order to manage the estate of a deceased person. “Guardianship Account” (non-restricted guardianship) is an Account established pursuant to state law from which an individual who has been appointed by the court as the guardian of the property of a xxxx is permitted to make withdrawals without a court order. “Depository Guardianship or Asset Account” (a restricted guardianship) is an Account established pursuant to state law from which the guardian of the property of a xxxx may only make withdrawals by order of the court.
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Estate Account means an account opened by a fiduciary on behalf of a formal estate. The estate will have its own Taxpayer Identification Number issued by the Internal Revenue Service (IRS). Additional documentation is required to open the account.
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Related to Estate Account

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Investment Account As defined in Section 3.12(a).

  • Direct Account : means any Account which is not an ISA Account.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).