Last week's post discussed a recent case in which the outcome of a significant probate dispute will depend on who owns one share of stock in a multimillion dollar company. The post raises important questions as to how stock shares and other similar property gets distributed upon a person's death, and how this process could play in to probate litigation.
Even as far north as Minnesota, people have heard of the professional football team called the "Saints" and may have heard of the professional basketball team called the "Pelicans." These teams have been owned for a long time owned by a Southern billionaire. Unfortunately, his family is now locked in trust litigation that may depend on who owns one share of stock.
Last week's post discussed how the value of an estate may be a hot point of contention in a probate dispute. After all, how property is valued can dramatically affect a person's inheritance, enough that it may be worth the legal costs of pursuing a lawsuit.
While much of probate litigation involves issues like whether a will is valid or whether an executor has overstepped his or her authority, another important area of probate litigation consists of those cases that involve the value of an estate.