If you are about to win a case involving Florida probate litigation you do not want to celebrate prematurely. Now you need to get the judge’s order and get ready to collect the judgment. One part you can easily forget, that you are entitled to under Florida probate rules and law is pre and post judgment interest. Do you know what that is and how to calculate it? Check out this recentguardianship appeal from the Florida Second District Court of Appeal.
What is Judgment Interest?
- Judgments are really just a debt that is recorded in the public record.
- They have a certain stigma to them sure, but at the end of the day it is a Court saying one party owes the other.
- Florida probate lawyers know getting a judgment can be a lot of work.
- Also, it can take a lot of time.
- Estate lawyers in Florida who have taken ECON 101 know a dollar today is not worth a dollar on the day you were supposed to get your inheritance.
- Florida probate courts know that as well.
- So what can a Florida estate attorney do about your judgment that is three years after the money was due?
- The same issue arises when the judgment does not get paid.
- This is where judgment interest comes in.
- Florida will contest lawyers know that the Court can impute interest both before and after a judgment.
- Judgments stay valid for twenty years in Florida so that is by no means a small amount of time for interest to pile up.
- What is the interest rate on Florida judgments?
- Check out this guardianship appeal to learn more.
Stephens v. Owens Law Group
- This was a guardianship appeal from the Second District Court of Appeals in Florida.
- What does this have to do with your estate litigation in Florida?
- The appeal was not about the merits.
- The judge had applied the wrong interest rate!
- Do you know the proper interest rate on Florida probate judgments?
- Who determines when and if these interest rates change?
Want to learn more?
Check out the entire case by clicking here.
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