Full question:
A Guardian has been appointed for my Father who is unable to care for his person or finances. He had made a Will before the guardian was appointed leaving me the farm. The Guardian sold the farm and now my Father has died. Did I just lose the farm even though it was Willed to me? We live in Florida.
- Category: Wills and Estates
- Subcategory: Ademption
- Date:
- State: Florida
Answer:
What you refer to is controlled by what is called the law of ademption. At common law developed by Court Opinions the Courts made determinations of what happens to property that no longer exists when the testator dies. Ademption is used to determine what happens when a specific item of property gifted under a will is no longer in the testator's estate at the time of his death. Some States have made laws that set out in statutes what happens in the case of ademption.Under the Florida Probate Code if a guardian has been appointed for a person who has made a Will and the guardian sells the property, the property or a portion of the property is condemned or insurance proceeds are paid, the person who is to receive the property is instead entitled to the proceeds of the sale, condemnation or insurance payments when the Will is probated. This is called nonademption laws. These is one exception to this rule as provided in the statute below.
In Flordia the law provides as follows:
732.606 Nonademption of specific devises in certain cases; sale by guardian of the property; unpaid proceeds of sale, condemnation, or insurance.—
(2) A specific devisee has the right to the remaining specifically devised property and:
(b) Any amount of a condemnation award for the taking of the property unpaid at death.
(c) Any proceeds unpaid at death on fire or casualty insurance on the property.
(d) Property owned by the testator at death as a result of foreclosure, or obtained instead of foreclosure, of the security for the specifically devised obligation.
Reference:
http://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0700-0799/0732/0732.html
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.