[WSBAPT] Another Estate Bank Account Question

[Jordan Kostelyk]

If an Administrator is the only heir, the decedent died approx 3 years ago, and there are no known creditors, and the only asset is an investment account (worth around $144K), must the administrator open an estate account under law? If not under law, what are the important reasons to open an estate bank account in this scenario? 
 
I think that, even if everything checked out above and it was okay, a check made payable to an estate would not be able to even be deposited in a personal account, but I'd like to know more about people's experience with this.
 
Thank you,
Jordan
 
 
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