What happens if assets are received after debts have been satisfied and the estate has been closed?

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What happens if assets are received after debts have been satisfied and the estate has been closed?

A rebate from my mother’s nursing home has just been received, 5 months after her death. Her bills have been paid and the estate was closed with no assets.

Asked on August 7, 2012 under Estate Planning, Virginia

Answers:

Mark Westerfield / The Westerfield Law Firm

Answered 9 years ago | Contributor

What should happen is that the estate would be re-opened and then the funds distributed and then the estate closed again.  Assuming that the refund from the nursing home is not a significant amount of money, I would call the local probate clerk and ask about other options.  If there are only a few beneficiaries, you mary be able to have the beneficiaries sign a form waiving any rights to the funds and then distribute the money without reopening the estate and having another accounting. 


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