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What is an executor account?

An executor account is an account which allows the executor(s) to gather payments due to the deceased's estate before being distributed to the beneficiaries, such as the proceeds from the sale of a house.

This type of account also allows payments to be made on behalf of the deceased, such as a payment for maintenance of a house belonging to the deceased's estate.

To open an executor account, the applicant will need to have a Grant of Representation (England or Wales) or Confirmation (Scotland).

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