Jargon alert: CBTA must mean Client Benefit Trust Account in this context, right?
Estate accounts cannot be opened as IOLA or CBTA accounts. However, attorneys may have clients that are estates, and might be holding small amounts on their behalf for short periods of time. Those funds could run through an IOLA account.
If I understand CBTA correctly, such an account would be opened with one client named (Attorney Jones CBTA for Estate of Happy Camper). Jones is your customer, but checks payable to the estate or to Happy Camper might be run through the account. I'd suggest getting a death certificate, Letters Testamentary, and acknowledgment from the personal representative of the estate that Jones is engaged as an attorney for the estate.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8