NEW ESTATE PLANNING SCAM

We have previously told you about non-attorneys who set up websites to sell Living Trusts. It should go without saying to our savvy readers that purchasing a Living Trust from one of these websites is a terrible idea. Some of these same people have a new method to try to take your money and give bad estate planning advice.

The new trend is to offer what they call estate planning organizers. Supposedly, you can use these organizers to gather all of the information that you need to plan your estate. Once, you have it all organized, then you can take it to a real attorney and get your estate plan done more easily. While that may sound like a good idea, it is completely unnecessary. These organizers are selling for hundreds of dollars. That is unnecessary money spent before you even start your actual estate planning. A few file folders are really all that you need to organize your documents to take to an estate planning attorney.

Of course, that is not the only problem with these organizers. Many are merely being used as loss-leaders to later sell people the worthless Living Trusts. Know who you are dealing with online. Make sure that before you spend anything to get an estate plan you are dealing with a licensed attorney.