The New York Court of Appeals has broken new ground. It has held that an attorney may be held liable for damages resulting from negligent representation in estate tax planning that causes enhanced estate tax liability. The court held that a personal representative of an estate may maintain a legal malpractice claim for such pecuniary losses
July 2010
Kafkaesque – the Fight over Kafka’s Writings
By Patti Spencer on
Posted in Probate Litigation in the News
Aron Heller writes for the AP:
"JERUSALEM – It seems almost Kafkaesque: Ten safety deposit boxes of never-published writings by Franz Kafka, their exact contents unknown, are trapped in courts and bureaucracy, much like one of the nightmarish visions created by the author himself.
The papers, retrieved from bank vaults where they have…
No Limited Liability for Florida Single-Member LLC
By Patti Spencer on
Posted in Probate Litigation in the News
Juan Altunez writes in his Florida Probate and Trust Litigation Blog about this recient Florida Supreme Court case: Olmstead v. F.T.C., — So.3d —-, 2010 WL 2518106 (Fla. Jun 24, 2010). Read his execllent summary and anlaysis of the case here.
An excerpt from the post:
"For those of you interested in understanding the charging-order…
The Turbo Tax Defense
By Patti Spencer on
Posted in Taxation
Remember when Treasury Secretary Timothy Geithner ran into trouble because he hadn’t paid his self-employment tax? There was quite a political stir because it meant a tax-evader would be in charge of the IRS.
Geithner had worked at the International Monetary Fund from 2001 to 2004. During those four years, he paid no social security…