[WSBAPT] Co-Personal Representatives

[Timothy L. Austin]

Listmates,

I have an estate with 2 Co-PRs, and am in the process of assisting them in setting up an estate checking account. The national bank with which I am dealing indicates that they believe that joint signatures would be required on the account. That said, they also indicated that the bank cannot accommodate a multiple signature account. Further, they will not set up an account requiring just a single signature absent a court order.  I’ve never encountered this problem in the past, but then again, I’ve only been practicing for 40+ years.  Are there any reasonable banks left out there, or failing that, what is the best work-around?

Regards,

Tim

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Timothy L. Austin
Direct Dial: (425) 450-3307| Fax: (425) 450-3310
Email: taustin at nwtaxlaw.com<mailto:taustin at nwtaxlaw.com>| Website: www.bettsaustin.com<http://www.bettsaustin.com/>

Street Address:                                           Mailing address:
11120 NE 2nd Street - Suite 200                P.O. Box 53050
Bellevue, WA 98004                                   Bellevue, WA 98015-3050

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