Legal Question in Wills and Trusts in Florida
Paying Interest on Estate Funds
Question 1: I retained a law firm to handle my Mother's estate in FLorida. Through the law firm, based on my own initiative, I sold my Mother's home. Funds are being held pending by the law firm pending final probate court actions. The funds were placed in a non-interst bearing account at a local bank. Under Florida law, can I request or direct the funds be placed in an interest-bearing account as funds are being depleted to pay outstanding bills, some of which could be offset by interest earned to the account?
Question 2: The law firm that I retained was used for closing the house where I was charged for legal services. Subsequent to the closing< i am informed that the buyer of the house is due a refund from proceeds from the house sale because the law firm failed to retain or obtain the legitimate homestead exemption, thereby causing me to be placed in a higher tax bracket for the sale. The home buyer is now reimbursed from the sale proceeds. What are my options under Florida law to either obtain the proper homestead exemption and /or the legal firm to reimburse me for their administrative errors?
1 Answer from Attorneys
Reply to Probate Request
Simply...if one is not happy with the firm one hires they always have the option to fire them and replace them. Yes, the amount can be placed in a interest bearing account. If I can help let me know. [email protected] Much info on my web site
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