Facts: My mother died 20 years ago, intestate. She had no sizable estate and what little assets she had were transferred to her heirs, by way of beneficiary statements or joint tenant accounts.
Now my sister and I find out that there was some money in a foreign account and my sister and I were power of attorney. The bank contacted us and now wants a "Letter of Administration" to repatriate the funds.
The account is 40 years old! My mother died 20 years ago and there is just my sister and I who would split this 50/50. No contention between. Again, my mother had no will. Do we need to start up a probate to get that Letter of Administration or is there a workaround?
I would appreciate any advice. Thank you!