Additional assets found after letters of administration granted...

raddy59

I received Letters of Administration based on a sum of money. I have now come across another bank account which would increase the estate value by around 20% (to c £60k), do I need to do re-apply?

DavidT67

Letters of Administration are for an intestate estate; the administrator has responsibility for the whole estate, not just specific assets. Seek professional legal assistance if you are unclear on the role of an administrator.

Keep_pedalling

You don’t need to reapply as long as the additional asset means you have to complete an IHT return.

Savvy_Sue

https://forums.moneysavingexpert.com/discussion/comment/81928571#Comment_81928571

Is there a 'don't' missing there?

RAS

Also suspect "don't" is missing.

OP, if the newly found estate raised the value from below to above the IHT allowance, you'd need to reapply.

But this account makes no difference to the IHT situation, so there is no need to reapply.

Wanttodobetter

https://forums.moneysavingexpert.com/discussion/comment/81928434#Comment_81928434

Maybe you didn't mean to, but this sounded quite rude as a reply to a very reasonable question.

They are unlikely to need professional advice for an estate of £60K.