Court Invalidates Will and Trust Naming Lawyer as Beneficiary
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JULY 11, 2016 VOLUME 23 NUMBER 26 One principle governing lawyers is obviously and intuitively correct: A lawyer may not prepare a will or trust (or, for that matter, any other document or arrangement) by which a client makes any substantial gift to the lawyer. Similarly, lawyers are precluded from preparing documents giving or leaving […]
Trust-Owned Property Is Not Proper Subject of Arizona Beneficiary Deed
JUNE 1, 2015 VOLUME 22 NUMBER 20 Arizona is one of about a dozen states permitting “beneficiary” deeds. Some states have the same concept but use a different term, like the inelegant “revocable transfer on death” deeds. The basic idea: you can sign a deed to your real property which acts like a beneficiary designation […]