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. 
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40-Trust Accounts

The rule that allows a lawyer to take possession of trust account assets if a reasonable time has passed without any claims being made against the trust account is pre-empted by the statutory provision that would govern such a trust account that becomes part of a deceased lawyer's estate.

Copyright 2000, Thomas E. Spahn