Answer:
Assuming that the estate is a client of the attorney, and that's certainly possible, there's no reason not to accept the check for deposit to the IOLTA account.
First published on BankersOnline.com 4/9/12
Check Payable to Estate-Deposit into IOLTA?
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Question:
Can a check payable to The Estate of John Doe, that has been endorsed by the Personal Representative of the Estate, then be deposited into an IOLTA account of the PR's attorney? We want the PR to open an account in the name of the Estate so that this check can be deposited there, but the attorney is insisting the check be deposited into his IOLTA. Should we let that happen?
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