Begin the probate process. Make the process of opening an estate account simple and straightforward with this stepbystep guide.Learn how to set up an estate account so that you can manage the deceased person's finances according to their wishes. Opening an estate bank account can make it easier for you to transfer the frozen assets so you can pay out what you need. The next step is opening a bank account for the estate. List everything remaining in the estate at the end of the accounting period. A transfer on death account is a common way to avoid the stressful probate process for a home, as well as investment and bank accounts. (Arizona Revised Statutes, Section 14-3971)You would simply get the form and instructions from the court's website, fill out the form and have it notarized. A. Petition for Approval of Accounting: Prior to closing the case, you may file a Petition to ask the court to approve how the estate was managed. Losses on the value of property sold or otherwise disposed of, and other reductions in the value of the estate during this account period.