1555 Palm Beach Lakes Blvd Suite 1410

West Palm Beach, FL 33401

24/7 Customer Support

Same day response guaranteed

What Is a Blocked Account? Definition, Uses and Importance.

Jump To Section

Copy the following HTML iframe code to your website:

Share This

A blocked account in probate refers to cash or securities that are placed in a bank subject to withdrawal upon court order. A blocked account is a bank or other account created by court order, requiring a court order to deposit or withdraw funds.

A blocked account in probate isn’t an account freeze

An account freeze refers to a legal injunction an account where assets are frozen and not able to be accessed. A blocked account occurs when someone is not deemed to be able to handle finances in the eyes of the court, for instance, if they are a minor.

When does an account get blocked?

Blocked accounts are frequently created to protect judgments awarded to minors and conserved adults who cannot manage their own finances on their own. A common reason for petitioning the courts would be when somebody needs access because they’re in another’s name (e.g., grandparents). Blocked accounts frequently occur during probate or guardianship cases.

« Back to Glossary Index

More Probate Resources

Search for more common probate terms
Search

Get Your Inheritance Money Now!

Our Inheritance Cash Advances help heirs receive a portion of their inheritance payout in just a few days. We then wait and are paid directly out of your share when the estate finally closes. We wait for probate so that you don’t have to. Click below and fill out our short form to receive an advance immediately.

Probate Costs