Legal Question in Wills and Trusts in Florida
Stock Dividends paid out during probate
If a relative dies and leaves you stock,
and then during the probate process a
dividend check is paid out from the
stock, who gets that money? The
estate or the beneficiary?
Asked on 1/21/09, 9:35 am
1 Answer from Attorneys
William Gwaltney
William W. Gwaltney, Attorneys at Law
Re: Stock Dividends paid out during probate
It depends on the whether the will specifically addresses the situation. However, I would suggest the dividend belongs to the beneficiary and should be held by the Estate until the Probate is complete.
Answered on 1/21/09, 4:46 pm