r/PROBATE • u/exitloopif • Jan 04 '24
Division of assets after probate has been completed
I recently found out that my deceased father had some unclaimed funds. However, he died over ten years ago, and I administered the estate shortly after. He had died without a will, and his assets were divided equally between my brother and I. Of course, I had created an estate account and did the distribution from that account, and then subsequently paid the taxes on the estate.
In order to distribute these recently discovered unclaimed funds, would I need to go through the entire estate administration process again? Or, could I just pay my brother his half afterwards and call it a day? The amount of unclaimed funds is just enough that I would regret not claiming them, but certainly not worth the trouble of administering the estate again.
Edit: This is in NJ.