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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