Found Money After Estate Closed

[Bjorn]

Unclaimed Money:

Facts:
Taxpayer died January 2006
Taxpayers networth $400,000.00
Taxpayers rep filed final 1041 in April of 07.

Personal rep found $70,000.00 of stocks NOT in a IRA. Deceased Taxpayer had a revocable living trust.

Is there an easy way to get this money to the four inheritors?
The found money was made payable to the john smith revocable living trust.

Thank you in advance.
Bjorn

[Uncle Sam]

Found Money

The best way I can see - is to amend the state's estate tax return (if any), and amend the final 1041.

[Roland Slugg]

The trustee just needs to establish himself as the legitimate successor trustee, then direct the issuer(s) of the stock (or the brokerage if held in street name) to reissue the shares to the four beneficiaries.

The fact that the final 1041 has been filed is not relevant unless the newly discovered shares were in companies that paid dividends during after the DOD, and those dividends were not reported on the fiduciary return. If there were unreported dividends, the estate should file an amended return for the year(s) involved.