WA Continued Use of Bank Account by Executor of Will?

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Elspeth

Member
27 September 2014
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0
1
Is the executor of a will, who was also a signatory on the deceased person's bank account, authorised to continue using the account to pay for funeral expenses etc.
 

Sarah J

Well-Known Member
16 July 2014
1,314
250
2,389
Melbourne, Victoria
Hi Elspeth,

Yes, the executor has an obligation to pay for all funeral expenses, debts, administration costs and testamentary costs of the will-maker (testator). This comes out of a specified account (assigned by the testator beforehand) or the residual estate (where the testator is silent). Essentially, the estate pays for these costs and the executor manages this.
 
S

Sophea

Guest
In addition to Sarah J's comments above, regardless of whether they are a joint signatory to the bank account, the executor of an estate has a right to access to the testator's funds being either the allocated or residual for funeral expenses.