The Guardian has more on this story in a recent article titled “Heirs of famed Prohibition agent find lost stock certificate that could net $1m.”

The lesson here is that anytime a deceased person’s lost property is found it is necessary to reopen the estate so that the property can be properly distributed.

Whether the heirs will receive the money from the stock, however, is a question that is not likely to be answered for a long while. The parties have been ordered to mediation.

If they are unable to settle the dispute, a trial is scheduled for next year.

When it comes to your own estate planning, an experienced attorney will help you identify your assets so your heirs will not have to scramble later on, especially not generations later on.

Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 40 years.
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