Boatload Of Cash Found In Walls After Owner's Death, Sale Of House. Whose Is It?
If you went to law school, you probably read the title of the post and thought, hmm, that sounds like a question on a law school exam. If you're a normal person, you probably thought "finders, keepers." So, who gets the money? As reported by azcentral.com:
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.We're rich! We're rich! No? Exactly how is that money not the property of the current homeowner?
The Court of Appeals said that legally, the money was only mislaid, not abandoned, so it still belonged to Spann's estate.Lawyers: Yes, of course. Normal folks: WTF are you talking about? Here's the source.