| A | B |
|---|
| Administrator | A qualified party appointed by a court to manage and distribute the estate of a person who died intestate or left a will that fails to name an executor. |
| Estate | All assets, liabilities, real property, and possessions left by a person upon their death. |
| Estate account | An account opened upon the bank receiving court documents appointing a personal representative of a decedent's estate. |
| Executor/Executrix | A party identified in a will to administer an estate upon the death of the maker of the will (testator). |
| Fiduciary | A person who has the power and obligation to act for another under circumstances which require total trust, good faith, and honesty. |
| Personal Representative | A generic term for an executor, executrix, administrator, or special administrator appointed to administer the estate of a decedent. |
| Probate | The process of legally establishing the validity of a will before a court. |
| Testate | An estates is this if the deceased person left a will. |
| Intestate | An estates is this if the deceased person did not leave a will. |
| Testator | A person who is creating and executing a will. |
| Who is risk screened when opening an Estate Account? | The personal representative. |
| What do we use for the TIN to open an estate account? | The Employer Identification Number (EIN) |
