Situation: Co-Trustees of a revocable trust open a bank account in the of the trust OR Co-Executors of a decedent's estate open a bank account in the name of the estate OR Co-Conservators of an incapicitated person open a bank account in the name of the incapacitated.

Question: If the Co-Fiduciaries are required to act in concert for all transactions (whether required by the trust document or by the Probate Code), is the bank responsible for making sure all Co-Fiducaries have consented before any transactions are executed? If the bank fails to do so, is the bank liable to the other Co-Fiduciaries?

I say yes. However, you may want to check with your own legal counsel due to variances in state laws.