My mother named her financial adviser and his children as beneficiaries in her will. Is it legal for her attorney to allow this?
I have seen many cases where a client wants to leave money to a professional adviser – lawyer, accountant, financial adviser, physician – and in many cases there may have been overreaching, or perhaps more.
A person can leave her or his property to anyone under the terms of a will, trust or “beneficiary designation.” You can do whatever you want with your money: give it to a family member, a neighbor, friend, lover, your church, your lawyer, accountant or financial adviser, or the society for the protection of beetles. You can do this during your lifetime or have it take effect after your death.Read more