After Letters are issued in a California probate, there is a four-month waiting period before the estate may be closed and distributed, during which time the creditors are allowed to file their claims. During this time, all bank accounts in the decedent’s name should be transferred to estate accounts in your name as the estate representative. All money received during the probate process should be deposited into the estate checking account and expenses of administration such as court costs and publication fees should be paid from the estate account. Detailed information should be kept about each deposit.