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Beneficiary Can Sue Attorney for Estate Planning Negligence
The Illinois Supreme Court has ensured that beneficiaries financially harmed by an estate planning attorney's negligence will have the ability to sue.
The decision allows the beneficiary to seek compensation for the malpractice that resulted in unnecessary estate/death taxes of $240,000.
The Supreme Court reversed a lower court that effectively had taken that right away by ruling that such negligence claims automatically were barred six years from the date of the negligent advice, regardless of when the beneficiary's mother, the decedent, had died.
(Editor's note: The beneficiary was represented by Henry Novoselsky, a law partner of the sponsor of this website.)
Source: Business Wire, January 29, 2002
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Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). This Web site contains material
of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment advisor when building and protecting your wealth.
All content Copyright © 2008 Advocate Capital Management, Inc. except where noted. All rights reserved.
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Telephone: 312-621-4400 | Fax: 312-621-0268
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