Frequently Asked Questions > Independent Executors > Since my siblings and I are the only beneficiaries of the estate, may I put the estate property in my bank account so that I can avoid opening another account solely for estate property?
No. You have a duty to keep estate assets segregated from your personal assets. Therefore, you should never put estate property in your personal bank account and you should never commingle estate assets with you own personal assets. Even though you and your siblings are the only beneficiaries, you should play it safe and keep estate property separate. You should seek the assistance of an attorney if you have questions about this.
Last updated on January 6, 2011 by Glenn Karisch