Background: The sale is in the state of Massachusetts; my mother died in November; my brother and I are co-executors of her estate; we’re selling her condominium; the closing date on the condo sale is May 30 (Wednesday).
My brother and I are members of a credit union and attempted to open an estate account for my mother’s estate with the credit union on Monday, since none of the banks we spoke with could help us since our names are linked with “and” rather than “or” on the executor’s papers. Long story short, there was a snag in the account application and the estate account may not be opened in time for the close of the sale, since the credit union mailed the application back to us to fix and we may not be able to have it mailed back to them and processed by Wednesday.
Are we totally and utterly fucked? Could we just use one of our personal accounts for the transfer of money from the sale and then move it to the estate account when it’s open?
I’ve emailed our estate attorney with this question but he’s in meetings until this afternoon, and I’d like an answer before then or I’ll go crazy with anxiety.