The executor of an estate should hold estate funds in an estate account, not in an escrow account. Unless there are issues involving estate assets, liabilities, or lawsuits, distributions usually can be made after seven months of the issuance of letters testamentary or letters of administration.
Your posting does not provide enough detail to allow any of us to give you truly meaningful advice; nor, for that matter, is it clear how long you mean by "indefinitely." It would be helpful to know the size of the estate, the nature of the assets, information as to estate debts or liabilities, and how long ago court authority was granted.
Good luck to you.
Michael S. Haber is a New York attorney. As such, his responses to posted inquiries, such as the one above, are limited to his understanding of law in the jurisdiction in which he practices and not to any other jurisdiction. In addition, no response to any posted inquiry should be deemed to constitute legal advice, nor to constitute the existence of an attorney/client or other contractual or fiduciary relationship, inasmuch as rendering legal advice involves the ability of the attorney to ask appropriate questions of the person seeking such advice and to thus gather appropriate information. In addition, an attorney/client relationship is formed only by specific agreement. The purpose of this answer is to provide the questioner with general information, not to outline specific legal rights and remedies.
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