Source: http://www.mcguirewoods.com/Services/Practices/Private-Wealth-Services/Fiduciary-Litigation.aspx
Timestamp: 2015-03-03 07:19:47
Document Index: 198160560

Matched Legal Cases: ['art 8', 'art 7', 'art 6', 'art 5', 'art 4', 'art 2', 'art 1']

Fiduciary Litigation Related Content
To minimize the risk of litigation, the most effective strategy is to prevent disputes from arising at all. The experienced Private Wealth Services team at McGuireWoods helps clients create a legal line of defense that can significantly reduce the likelihood of fiduciary litigation claims. When disputes do occur, this proactive strategy pays further dividends by enabling us to more effectively pursue or defend our clients’ interests in a broad range of matters. We regularly represent corporate fiduciaries as well as individuals, trustees, executors, guardians, beneficiaries, charitable organizations, educational institutions, banks, trust departments, officers and directors, shareholders and entities that hold a fiduciary position. We handle the following issues on a regular basis: Probate and estate litigation
Reformation of private, split-interest and charitable trusts
Employee benefit trusts disputes
Federal and state tax disputes (including income, estate and gift tax) Our practice strategically draws from McGuireWoods’ fiduciary advisory services group and commercial litigation department, along with other available resources. Consequently, we can provide clients with lawyers that have both extensive litigation experience in state and federal courts and substantive understanding of the particular area of dispute at issue. Many of our practitioners are nationally recognized for their knowledge in their area of law, and several are members of the American College of Trial Lawyers and the American College of Trust and Estate Counsel (ACTEC). We have experience representing fiduciaries in appellate proceedings and in handling complex cases involving the coordination of state court litigation and related matters before the Internal Revenue Service (IRS). Our lawyers are also experienced counselors who regularly help clients prevent unnecessary costly litigation and avoid future claims. Where disputes can be more effectively resolved through alternative dispute resolution, our fiduciary litigation team represents clients in mediation and arbitration.
T: +1 703 712 5487
sfmurphy@mcguirewoods.com
Represented corporate fiduciary in defending against lawsuit seeking to abuse Virginia guardianship proceedings to evade surcharge litigation in another state.
Represented corporate fiduciaries in general fiduciary claims, including actions for removal and improper investments or sale of assets.
Represented corporate fiduciaries in several suits to reform charitable trusts to avoid payment of federal excise taxes.
Represented corporate fiduciaries regularly in connection with the termination of charitable trusts or modification of charitable trusts to eliminate racial and other restrictions contrary to public policy.
Regularly represent family members in lawsuits to appoint guardians for incapacitated family members.
Represented fiduciary in state supreme court litigation concerning the requisite mental capacity to execute a claim for an elective share.
Represented fiduciaries in state supreme court litigation concerning the extent of the fiduciary duty to provide information to trust beneficiaries.
Represented fiduciaries in over 60 suits under tax laws allowing conversion of net income charitable remainder unitrusts to flip charitable remainder unitrusts.
Represented fiduciaries in multiple lawsuits (and handled corresponding ruling requests before the Internal Revenue Service) to restructure a trust valued at approximately $100 million.
Represented fiduciary in action to restructure a trust valued at approximately $200 million to cure state law problems regarding the termination date of the trust.
Represented fiduciaries in federal courts on fiduciary income tax matters.
Represented fiduciaries regularly in actions to construe ambiguous provisions of wills and trusts.
Represented fiduciary in state supreme court litigation concerning the charitable intent of the settlor.
Represented fiduciaries regularly to reform split-interest trusts to qualify for tax benefits connected with qualified charitable remainder trusts.
Represented fiduciaries regularly in actions to modify trusts.
Practice: Fiduciary Litigation
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Recent Virginia Cases of Interest to Fiduciaries
Part 8 - Potpourri
Part 7 - Trustee Liability for Investment Losses (Part Two)
Part 6 - Trustee Liability for Investment Losses (Part One)
Part 5 - Amendment, Modification and Termination of Trusts
Part 4 - Funding, Construction and Creation of Trusts
Part 2 - No-Contest Clauses, Powers of Attorney, and Pre-Death Will Contests
Part 1 - Defenses and Limitations to Actions, Arbitration, and Settlements