Estate’s $40 Million Claim Highlights Legal Risks in Estate Planning Practices
In a recent legal development, the estate of a late dentist has filed a lawsuit against law firms McDermott Will & Schulte LLP, Venable LLP, and two attorneys, accusing them of negligence in estate planning advice. The alleged inadequacy resulted in a $40 million liability to the IRS, encompassing both taxes and penalties. The lawsuit,…