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Florida Estate Lawsuits: Depository For Estate Assets

Uncategorized Apr 24, 2019
post about Florida Estate Lawsuits: Depository For Estate Assets

A January 9, 2019 Fourth DCA opinion, Goodstein v. Goodstein, is a good example of a Florida inheritance dispute between the beneficiaries of an estate and the personal representative. Here, the personal representative appeals a non-final order granting the beneficiaries’ petition to designate a trust company as a depository for estate assets. What is a restricted depository? When is one necessary in a Florida probate? What are the circumstances that provide support for a restricted depository? What should my probate lawyer know about these issues? 

In this case, the appellate court explains that the record presents grounds for the trial court to properly find “other cause” requiring a restricted depository. For example, the appellate court mention that there is no dispute in this matter that significant assets are in the estate. Further, at the time of the hearing, neither the beneficiaries nor the probate court knew how the assets were being spent. Lastly, in this particular matter, there is a long history of litigation between the beneficiaries and the personal representative. What are other factors that may support the need for a restricted depository? Click here to read the entire case and find out. To interview an inheritance lawyer in West Palm Beach, free of charge, call (561)514-0900.