A trustee found liable for breach of fiduciary duty and ordered to pay $1.6 million in attorney fees and costs is unable to recover the payments under an indemnification clause in the trust, an appellate court in California has ruled. 

The Internal Revenue Service has won another battle against deductions for conservation easements it believes are unjustified.  The Tax Court has denied a deduction for an easement that includes an improper formula on what happens to the proceeds if the property is ultimately sold and the easement terminated.