Estate Accounts

What is an estate?

An estate account is used to manage the financial affairs of someone who has passed away. A court-appointed individual, called a personal representative, executor, or administrator, is responsible for:

• Collecting assets
• Paying debts
• Distributing funds to beneficiaries

Who can access the account?

Only the court-appointed individual can access and manage the account, including:

• Deposit checks made payable to the decedent or the estate
• Write checks, make payments and use a debit card
• Access and manage accounts through digital banking
• Close the account once the estate is settled

What you'll need

To open an estate account, you must meet these requirements and provide the following documents:

• The estate must be established in Indiana
• The decedent must have had an active membership prior to passing, or all beneficiaries must be members
• Copy of the death certificate
• One of the following court documents: Letters of Testamentary, Letters of Administration, Notice of Administration
• EIN
• Personal Representative's / Executor's / Administrator's identification, such as a valid government-issued ID

Open an account