Required

Getting the Most Value for Rosa Parks’ Estate, Elder Law Attorney, Woodstock, GA


When Rosa Parks passed away in 2005, she left behind an estate valued at approximately $10 million. The estate included many items of historical significance that could be sold. A new lawsuit alleges that these items were sold in a way that did not maximize their value.

Everyone remembers Rosa Parks as the brave civil rights leader who refused to sit in the back of the bus. It was one of the most significant moments in the civil rights movement. Because of her significance, Parks accumulated many items of historical value that drove the value of her estate up to $10 million. The fight over the estate has been contentious as several lawsuits have been filed.

Recently, another lawsuit has been filed as reported by the ABA Journal in an article titled Lawsuit says former lawyer for Rosa Parks mishandled her estate.” The interesting thing about this lawsuit is that it was not filed by Parks’ heirs. The heirs are normally the ones who sue over mishandling estates. Instead an auction house, Guernsey’s, filed this case.

At issue is the way Parks’ historic items were sold. The lawyer apparently told the auction house that the items could not be sold at auction but that they must be sold together in a single, private sale. That sale has been completed, but Guernsey’s claim is that it could have received more for the items at auction. In short, the auction house believes that the lawyer made a misrepresentation when stating the items could not be sold at auction.

Generally speaking, an executor or a lawyer representing an estate does have a duty to maximize the value of the estate. Thus, if the auction house is right in its allegations, watch for a similar lawsuit filed by Parks’ heirs in the future.

Reference: ABA Journal (October 1, 2014) Lawsuit says former lawyer for Rosa Parks mishandled her estate

Hear From Our Clients
tes-prev
tes-next

I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.

- Charlotte

The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!

- Kerri

Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.

- Pierce

Josh Nelson, and his staff, have been amazingly helpful to our family. The ins and outs of nursing homes, the rules and regulations that govern Medicare and Medicaid are daunting and the folks at Nelson Elder Care Law have been informative, responsive, and above all, empathetic. I cannot emphasize enough how their service has taken a weight off of our shoulders especially during a world pandemic that has targeted nursing homes across our country. I highly recommend retaining Josh and his firm!

- Marcia

I had a simple legal question to them that I needed answered and they very helpful in giving me the information I needed. I highly recommend them and will reach out to them if I need more advice or assistance. Thank you for taking your time to just answer a couple of questions I had!

- Ben