[WSBAPT] probate unknown assets

[Heather de Vrieze]

Often checks trickling in are signs that there are outstanding assets, the underlying ownership that results in dividend or other income distributions. It is important to verify the source of each check before closing the estate. I have had to re-open estates to address a few stock shares held on the books of a company where we had previously transferred the shares we knew about. Only the dividend checks clued us in that there were additional shares that needed to be addressed. Current letters are necessary for such actions. Good to get estates closed, but rushing has risks.

Heather

Heather S. de Vrieze
Attorney-at-Law
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From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Harkiran Sekhon
Sent: Wednesday, May 19, 2021 5:23 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] probate unknown assets

Hi Listmates,

In a probate where a few surprise checks have popped up, how do you all usually handle closing up the probate in a way that accounts for the possibility of more surprise checks coming through after completion?

Any go-to language you like to include in the declaration of completion? Would it still be possible to close w/ receipts?

Thank you,

Harkiran

--
Harkiran Sekhon
Attorney
Sekhon Law, PLLC
P: (425) 207-4866 | F: (425) 207- 4986 | W: www.sekhonlawpllc.com<http://www.sekhonlawpllc.com> | A: 707 S. Grady Way STE 600 Renton, WA 98057
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