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  1. #1
    Join Date
    Mar 2015
    Posts
    19

    Default Does an Estate Need to Be Reopened to Deposit Proceeds from Trust

    My question involves estate proceedings in the state of: Connecticut

    How do you deposit a check made out to a dead parent after the estate is closed?

  2. #2
    Join Date
    Jul 2018
    Posts
    1,186

    Default Re: What to do with check after estate closes

    Quote Quoting LeighG
    View Post
    How do you deposit a check made out to dead parent of the estate is closed
    The subject header of your post suggests you already know the answer to this question. Obviously, whether it's worth the cost of reopening the estate depends on how big the check is. If it isn't big enough to justify the cost, contact the maker of the check and see if you can get it re-issued in your name.

  3. #3
    Join Date
    Jan 2019
    Location
    Pugetopolis
    Posts
    43

    Default Re: What to do with check after estate closes

    How long has the estate been closed? The TIN is still active and if the bank will accept the Letters Testamentary, open estate account and deposit the check. If you take the funds out ASAPthere likely wouldn't be any estate interest income above the minimum reporting limit.

    This answer assumes that there won't be any federal or state estate tax liability. If the amount is significant then the estate should be re-opened.

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