Estate Law Questions? Ask an Estate Lawyer.
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An estate account is a bank account that is set up in the name of the estate. Basically, you would liquidate and close all of your mother's personal bank accounts and deposit those funds into the estate account. From the estate account, you would pay off creditors and give the rest to the heirs. Since there are no funds to deposit into this account, you do not have to worry about doing any of that.
Instead you would just have to file a petition to probate the estate and then you will be able to transfer the home to the heirs.
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