Are you about to set up a trust in West Palm Beach with a Florida trust lawyer? Among your many goals should be avoiding expensive Florida probate litigation. Have you considered including a provision foralternative dispute resolution? Check out this multi-week jury trial that ended with an appeal to learn why ADR may be right for you.
Alternative Dispute Resolution
- Estate lawyers in Florida know that alternative dispute resolution is getting more and more popular in South Florida probate.
- Probate litigation attorneys sometimes include these in wills and often in trust documents.
- Florida probate lawyers know how expensive a probate trial can be.
- One reality of this is that it can eat up trust funds or estate assets to the detriment of those who have a right to that money.
- That means that the rightful owner can have it all eaten up as the wrongful party forces more and more litigation.
- This is where alternative dispute resolution comes into play.
- This allows for cases to move into arbitration or sometimes Palm Beach mediation.
- Ask your Florida estate lawyer how this could help you.
- If you are not sold on the idea check out this recent case.
Marriot International v. American Bridge Bahamas Inc.
- This was a huge multimillion dollar lawsuit based on failed tourism ventures in the Bahamas.
- It was all linked to the failure of Lehman brothers after this country’s financial issues.
- As a result a multi-week trial took place.
- Do you have any idea how much that cost in lawyers and attorneys fees?
- That could bankrupt an estate!
- Probate attorneys Florida know that probate litigation can get heated and some parties may eventually go for the nuclear option, namely destroying all the assets through litigation.
- Alternative dispute resolution can prevent this by putting rules in place before the dispute arises.
- It is about forethought.
- Have you talked to Florida estate attorneys about alternative dispute resolution?
- If you answered no, my question is, why not?
Want to learn more?
Check out the entire case by clicking here.
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