Legal Question in Family Law in Florida

Estate in Escrow Accounts

My father recently passed away and the attorney has the monies in his escrow account. It is taking this attorney a very long time to distribute funds to family members. Who is collecting interest on these monies? Does the attorney get the interest or does the family members receive the interest?


Asked on 12/13/07, 9:21 pm

1 Answer from Attorneys

Scott R. Jay Law Offices of Scott R. Jay

Re: Estate in Escrow Accounts

NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.

You will have to ask the attorney how the monies are being held. The Florida Bar does not allow an attorney to keep any monies belonging to his or her licents.

In Miami-Dade County, monies belonging to an estate are generally placed in a restricted depository (and not the attorney's trust account)and any interest is earned by the estate. The chances are the same is being done in your case.

Scott R. Jay, Esq.

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Answered on 12/13/07, 11:06 pm


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