The executor of an estate has the responsibility of concluding the succession after paying all debts and taxes and completing all other duties before distributing any assets. Once the estate is closed, heirs and creditors have a deadline to review the estate documents and approve or challenge the closing of the estate. According to the Uniform Federal Probate Code, complaints can be filed for up to one year, although individual states may grant a longer period. If a beneficiary has evidence that the executor acted inappropriately, they can file a formal objection.
In some cases, the executor may need a court order to reopen the bank account. It is essential for executors to understand what happens after the closing of the estate. The executor must provide a final accounting to the beneficiaries or heirs of the deceased person. To legalize a will, it must be submitted to the probate court in order to appoint an executor or estate administrator.
If additional assets are discovered after the closing of the estate, the executor is responsible for notifying the court that was initially responsible for the probate process. When issues arise after the closing of an estate, such as contested wills or beneficiaries who disagree on anything, it may cause a delay in processing. Even if assets are discovered after the estate has been closed, they must continue to be treated as property of the decedent. If you have any queries about what happens after probate is finished, it is best to consult an attorney.