Q: Estate has received a check via snailmail from a life insurance company. It's made out to the deceased...without
"to the estate of" . The 8x11 paper has the check at the bottom 1/3....and top 2/3 is marked ''not negotiable."
Can you tell me what this means? Can I deposit it into the estate checking account? Thanks so much.
A: This is an estate asset and if you have opened probate and have an estate account set up, these funds will go into this account. If this check and sum was not previously known or listed, you likely need to amend the probate documents to include this check and these sums in the probate case. You should work closely with your probate attorney to address this and how this will impact and change the probate, if at all.
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