Security Bank & Trust Company, Respondent/cross-Appellant v. Larkin, Hoffman, Daly & Lindgren, Ltd…

Summary

The court held that Security Bank lacked standing to pursue legal-malpractice claims against the estate-planning firm in either its capacity as personal representative or trustee. The malpractice claim did not accrue during Savoie's lifetime because no concrete harm occurred until after his death, and Security Bank was neither in privity with the firm nor a sufficiently pleaded direct and intended beneficiary of its services. The court therefore reversed the court of appeals.