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Asset found after estate distribution

3 replies

Kermitthemuppet · 02/11/2022 09:30

Has anyone come across a situation where the estate has been distributed but an asset comes to light later?
The asset is a piece of land that potentially cannot be sold. Would this have to be declared to the probate solicitors? Would it be declared even though it may have no value. Is it declared after sale?
Just a bit confused about what to do?

OP posts:
Hadalifeonce · 02/11/2022 09:35

I think a surveyor should determine the value of the land, a definitive answer as to whether it can be sold needs to be sought.
I think if the estate was subject to IT, it becomes more complicated.
Obviously the land would have to be re registered in new name/s, or sold and funds distributed in accordance with the will.

This answer is per personal experience, I am not qualified.

burnoutbabe · 02/11/2022 09:46

I can't imagine any circumstances where telling the original probate solicitor about it and following the correct process(as this must happen tons) is NOT the right thing to do.

(Or contact probate office yourself if you diy'd it)

Kermitthemuppet · 02/11/2022 21:48

Thank you. That is excellent advice.

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