Learn everything there is to know when it comes to opening and withdrawing from an estate account in NYC. We go over when you can and cannot take out money.All checks and money orders should be made payable to the Harris County Clerk. All checks and money orders must be drawn on a bank located in the United States. You go to the bank to close the account. Have you named a beneficiary on your bank accounts? A New York estate planning attorney explains the pros and cons of payable on death designations. In this video, we discuss an important aspect of estate planning: how to prevent your bank accounts from being frozen at the time of your death. Learn how to set up an estate account so that you can manage the deceased person's finances according to their wishes. It depends on where you are, but generally, the letters of administration should authorize the administrator to collect assets and pay bills.