PHOENIX — An Arizona court says a man’s heirs are entitled to $500,000 cash that was found in the walls of his former home years after he died.
The Court of Appeals ruling Thursday upholds a judge’s decision that the money, stashed in ammunition cans inside the walls, belongs to Robert Spann’s estate.
Spann died in 2001. According to the ruling, his daughters found stocks, bonds, cash and gold hidden in his suburban Phoenix home before they sold it seven years later.
The couple who bought the home in Paradise Valley claimed the cash after a worker found it in the walls during kitchen and bathroom remodeling.
The Court of Appeals said that legally, the money was only mislaid, not abandoned, so it still belonged to Spann’s estate.
Attribution:
Paradise Valley man’s heirs get cash found hidden in walls
Associated Press
May 31, 2012
12 News
http://www.azcentral.com/12news/news/articles/2012/05/31/20120531arizona-heirs-get-cash-found-hidden-walls.html
Estate of Denial® provides news, analysis and commentary on abusive practices occurring in probate courts and via probate instruments (wills, trusts, guardianships, powers of attorney). We provide original perspective to educate the public regarding this growing threat to both individual freedoms and property rights.