Are you an escrow agent holding property for someone who is recently deceased in West Palm Beach? Are variousheirs claiming a stake in the property? You may need to file an inter-pleader action to cover your own liabilities. This is common where no matter what happens, someone is going to want to sue you. Do you know what an inter-pleader action is?
What is an Inter-Pleader Action?
- Inter-pleader is an interesting type of lawsuit that can be brought when someone is holding property of a decedent that may belong to different or multiple beneficiaries.
- For example if you were holding property for someone as an escrow agent and they died unexpectedly who gets the property?
- This is what an inter-pleader action is for.
- An inter-pleader is used when you may face multiple liabilities for one fund.
- A common example is if multiple people are claiming an entitlement to the life insurance proceeds from a policy the carrier may just inter-plead them all.
- One cool thing about this type of probate lawsuit is you may be able to get your fees covered!
Using Inter-Pleader to Your Advantage
- This type of action is good when you know that the money does not belong to you but you are not sure who to pay.
- Think about if you have two people Jack in Palm Beach and Jill in Delray that both claim an ownership in the property what is going to happen?
- If you give it to Jack, then Jill’s Delray attorney is going to sue you.
- Now if you give it to Jill you can expect a summons to appear in Court from Jack’s Palm Beach attorney.
- Its a proverbial “Catch-22” that inter-pleader fixes in West Palm Beach.
- If you are concerned about multiple liabilities you may want to talk to an experienced Palm Beach probate litigator about your possible remedies.
- They will likely bring up the fact that your case is a prime example of what inter-pleader can be used for.
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