Estate of Schneider v. Finmann
Estate of...(N.Y., Injury And Tort Law, Probate, Trusts & Estates, Professional Malpractice, Tax Law) In a legal malpractice action alleging that defendants negligently advised decedent to transfer, or failed to advise decedent not to transfer, an insurance policy which resulted in an increased estate tax liability, the appellate division’s affirmance of dismissal of the action is reversed where an attorney may be held liable for damages resulting from negligent representation in estate tax planning that causes enhanced estate tax liability.
