These summaries were prepared by McGuireWoods LLP lawyer Thomas E. Spahn. They are based on the letter opinions issued by the Virginia State Bar. Any editorial comments reflect Mr. Spahn's current personal views, and not the opinions of the Virginia State Bar, McGuireWoods or its clients. 
 
 Back to main menu

  Print This Leo
LEO NumTopicsSummary
1391

print
58-Real Estate Lawyers

64-Lawyers Acting as Deed of Trust Trustees

A decedent placed a deed of trust on real property. The decedent's lawyer prepared the decedent's will and discussed estate matters with the beneficiaries. The lawyer later was hired to serve as a substitute trustee and foreclose on the deed of trust (with which the lawyer had no involvement). The lawyer could act as substitute trustee unless the advice to the beneficiaries related to the real property or the deed of trust (in which case the beneficiaries would have to consent).

Copyright 2000, Thomas E. Spahn