Comments on: What type of Bank account should I open to handle my Grandfather Estate?

By: manjunath p

manjunath p — Tue, 27 Oct 2009 12:14:35 +0000

In India, we have a system, called HUF account, where in only one person who is called ” kartha ” can only take decision on all financial matters, others are only members. Members are not supposed to with draw money from any Bank account, but can ask ” kartha ” for their personal financial needs. Here ” kartha ” is an executor. Have full freedom, to handle accounts, in one or many Banks.

A similar accounting system may be available in your Country also. Enquire. Sorry could not give exact answer.

By: Trish

Trish — Sun, 25 Oct 2009 14:21:04 +0000

well you might want to put the money into a CD. this way you get more intrest that increases your money. however you need to put a time limit on it like until when you can withdraw the money. depending on your age you might want to withdraw it like in 10 to 20 years not a time when you will blow it all like in college. oh and it costs money to take it before the 10 or 20 years are up

By: GeesJack

GeesJack — Sun, 25 Oct 2009 14:10:32 +0000

if the money is to be disbursed to many you should open an account in trust… that way your personal money and the estate money is kept seperately.

grandfather estate in trust.

By: Dr Dee

Dr Dee — Thu, 22 Oct 2009 16:57:40 +0000

A current Account.