Reed v. Regions Bank

This is the third time many of these parties have been before this Court on issues arising out of the same general factual situation. In the first case, Regions Bank v. Reed, 60 So.3d 868 (Ala.2010), this *326Court held that the probate court had jurisdiction over the action concerning the trust beneficiaries’ claims against the investment advisor relating to the trusts that were the subject of the final-settlement action but that the circuit court had jurisdiction over the trust beneficiaries’ claims against the corporate trustee and its investment advisor as to those trusts for which the…