Attorney Joel Shoenmeyer comments in his Death and Taxes blog that the big law firms in his area seem to be getting rid of their trusts and estates departments. Not enough money in estate planning, apparently.
Similarly, Professor Gerry Beyer reports that planning superstar Roy Adams has left Sonnenshein Nath and Rosenthal, where he had headed the the Trusts and Estates Practice Group.
Shoenmeyer doesn't see any lessening in the need for estate planning, though he expects that smaller specialty law firms may be picking up more of the business. But if these trends are real at the biggest firms, does it suggest that the conviction is taking hold that federal estate taxes are on their way out?