NU Online News Service, June 18, 3:35 p.m. EDT
A recent ruling by the New York Court of Appeals opens the door for estates to sue attorneys, which could ultimately result in an increase in professional liability insurance premiums, predicts an executive.
The decision written by Judge Theodore T. Jones Jr. reverses previous rulings that basically insulated estate attorneys from liability unless they acted in a fraudulent manner. Now, an executor can sue an attorney.
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