According to New York State law, the Executor, or Administrator, must open the account physically at a bank or brokerage within the state of New York. Begin the probate process.Learn how to set up an estate account so that you can manage the deceased person's finances according to their wishes. The best way to avoid any issues with accessing the bank accounts of deceased family members is to have a clear and up-to-date estate plan in place. Make the process of opening an estate account simple and straightforward with this stepbystep guide. How to set up a trust in the Cook Islands and open an offshore bank account for asset protection. This will allow you to prepare food in your home kitchen for wholesale or retail sale at agricultural farm venues. If the Decedent had a Last Will and Testament, then the Will dictates how their assets are to be distributed at their death. It also points out expenses that you can't deduct. Storage, and similar items.