McGuireWoods LLP | USA | 21 Mar 2012
Corporate trustee did not breach its duties by exchanging insurance policies for new policies obtained through its affiliate.
McGuireWoods LLP | USA | 21 Mar 2012
Trust assets not subject to arbitration award where award is not against co-trustees.
McGuireWoods LLP | USA | 21 Mar 2012
Surcharge of individual trustee for making interest-free loans to family members and giving trust profits to family-owned business in which trustee held an interest.
McGuireWoods LLP | USA | 21 Mar 2012
Attempt to designate IRA benefits to pass pursuant to terms of will is invalid.
McGuireWoods LLP | USA | 21 Mar 2012
Arbitration clause in agreement between investment advisor and trustees bars trust beneficiary’s suit against investment advisor.
McGuireWoods LLP | USA | 21 Mar 2012
Constance K. Klingelhoefer created a revocable trust and a limited liability company, transferred Nebraska farmland to the LLC, and then gifted a minority interest in the LLC to each of her eleven children.
McGuireWoods LLP | USA | 21 Mar 2012
Court refuses to dismiss claim that trustee was negligent in failing to inform beneficiaries about GST taxes owed on trust distributions, but dismissed claims that trustee had a duty to modify the trust to avoid the taxes.
McGuireWoods LLP | USA | 21 Mar 2012
Trustee did not abuse its discretion by decision to not pay expenses of beneficiary’s final illness where estate assets sufficient.
McGuireWoods LLP | USA | 21 Mar 2012
Seventh Circuit reverses district court decision that discretionary beneficiary lacked standing to bring surcharge claim for $200 million in investment losses from investment concentration.