basic questions on being an executor

[8till8]

Can someone help me with some basic questions;

• How does an executor trace all of a deceased persons assets? So after a search through the deceased persons paperwork, how do you ensure that you've found everything? Is there a standard form sent to all banks along the lines of 'do you have any accounts in this persons name?'
• What happens if assets are discovered after probate?
• What does a grant of probate look like?

 

[mathepac]

Anything here?

 

[Peanuts20]

Can someone help me with some basic questions;

• How does an executor trace all of a deceased persons assets? So after a search through the deceased persons paperwork, how do you ensure that you've found everything? Is there a standard form sent to all banks along the lines of 'do you have any accounts in this persons name?'
• What happens if assets are discovered after probate?
• What does a grant of probate look like?

Solicitor will normally do most of the heavy lifting in terms of tracing assets. A lot will be known but they can contact the banks if needed as well.

In terms of assets found after probate, it can get messy from a tax perspective, but in essence they are gathered in and redistributed from there. I'm aware of one case in my own family where 20k was found in a dormant account 6 months after probate was done and it took a while for the solicitor to resolve.

 

[PMU]

Can someone help me with some basic questions;

• How does an executor trace all of a deceased persons assets? So after a search through the deceased persons paperwork, how do you ensure that you've found everything? Is there a standard form sent to all banks along the lines of 'do you have any accounts in this persons name?'
• What happens if assets are discovered after probate?
• What does a grant of probate look like?

You could look at https://www.citizensinformation.ie/en/death/the-deceaseds-estate/dealing-with-the-deceaseds-estate/ and other material on the Citizens Information web site, for a start. Also material from the Law Society https://www.lawsociety.ie/public/Legal-guides/Wills--Probate/administration-of-estates/.