finding assets after probate

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8till8

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What happens if assets are discovered after probate has been granted? For example shares, bank account. policy etc

Does the distribution process get halted ?
 
Any use?

assets discovered after estate was processed.

what is the procedure when an assurance policy with some value is discovered a few years after the estate of the deceased has being fully probated and distributed.
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Executor duties when assets appear after estate distributed?

A question re following scenario Estate finalised and all given out Comes to light person in family has received rent for land which was part of estate but was not gathered by executer ( didn't realise twas rented) 4000 euro_ not a huge amount! Others in family not angry or demanding over it...
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What is the best thing to do with recently found prize bonds belonging to a deceased person.

Some have turned up in a valueless book that was taken as a memento of the deceased, £100 in total, so about €127. According to State Savings there is a process to cash these, when notified they will write outlining the required documents and forms. There are 3 beneficiaries so they stand to...
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Unless the executor made an effort to check for Creditors, I think they could be in a spot of bother
 
so is the executor on the hook for debts that emerge after distribution? Even if they do make an effort - and what sort of effort can they demonstrate?
 
To bring it back to the OP's question, happened my father a few years back when he was an executor, a dormant account turned up with around €20k in it which had to be shared out between the beneficiaries. It was a solicitor led probate, no idea how it was missed but it was. Funds were distributed (after costs) a few months later and each beneficiary was responsible for any taxation implications on their side. All amicable since the amount was low and since there were over 20 beneficiaries, I would imagine some never even declared it.

So there is a process, but the impact would depend on what was found and how much it is worth.
 
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