ElderLaw Answers: Is It Legal for My Mother to Name Her Financial Advisor as a Beneficiary in Her Will?

Q: My mother named her financial adviser and his children as beneficiaries in her will. Is it legal for her attorney to allow this?

A: It is legal, but it raises red flags. In the United States, you can do whatever you want with your money: give it to your neighbor, your lover, your church, or the society for the protection of beetles. You can do this during your lifetime or have it take effect after your death. But that is assuming you know what you are doing and are acting under your own free will. If you are cognitively compromised or under someone else’s undue influence, then you…

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