Probate Accounting for a Florida Estate?

Do you know what an estate accounting is? Can a Florida probate court order that the personal representative or a neutral party to account for your inheritance?   And the assets of the estate.  That is what one party sought from a California probate court. What would happen in Florida?

Accounting

• In Florida probate courts judges have routinely recognized the right to an accounting.
• Florida probate lawyers have long recognized the costs associated with it.
• How much does an accounting cost in Florida probate court?
• Florida probate lawyers may be able to get the probate court to order an accounting but then who is going to pay for it?
• Do you know why you may need an accounting of the estate?
• Probate attorneys Florida know that there are many reasons you may want an accounting of the estate.
• Florida probate attorneys may seek this when the estate is a mess.
• This could be because the decedent poorly managed their property or had a lot of debt.
• What else?
• Estate attorneys Florida may seek this relief when there is suspicious activity.
• Like what?
• Perhaps abuse of the personal representative.
• Alternatively, perhaps there were people stealing assets towards the end of the decedent’s life.
• Want to learn more?
• Check out this recent California appeal centered around an accounting of the estate.

Estate of Kwong

• This was an appeal from the California probate court.
• A mother and son brought actions centered around their son / brother’s estate.
• The mother had her son managing all of her finances for the last thirty years so her finances were inextricably tied to the estate.
• Is this fair grounds in Florida for an accounting?
• Wait, it gets more interesting.
• Turns out the assets were worth over $14 million dollars and that included all of the mother’s assets.
• So what?
• Well, the estate was left entirely to the son’s wife!
• Now what?
• Florida probate attorneys know that the accounting is just the start of this probate litigation.
• Would this lead to Florida probate litigation?

Want to learn more?

Check out the entire case by clicking here.

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