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February 06, 2012
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Probate Law News

 

Trust Mills Can Be Financial Traps

Consumer:  I’m exploring estate planning options, including living trusts. I’ve read recent warnings about “trust mills.” What are these?

Attorney General Rob McKenna:  In the past several years, my office has seen an increase in deceptive salespeople aggressively promoting living trusts to senior citizens who may not need them.

These salespeople exploit seniors’ fears that their estates could be eaten up by probate costs or that distribution of their assets could be delayed for years. They also use financial information obtained from seniors who sign up for living trusts to push the sale of other financial products, such as reverse mortgages and high-commission annuities. Harm caused by trust mills is often not discovered until after a senior has passed away. The Attorney General’s Office Consumer Protection Division has been bringing cases against living trust mills for more than a decade. Read more at atg.wa.gov.

 

 

Contact our Thousand Oaks Probate Lawyer Now!

 

 
Did You Know?    
 
 
It Is Not Wise To Handle Probate Without A Lawyer
Probate is a very complicated and formal process. There are no requirements to use a lawyer, but it is not wise to do so. Even the smallest detail that is missed or left out can cause everything to come to a halt, exposing everyone to liability.

 


  Newsroom  
 


Latest news about probate cases in Thousand Oaks and nationwide:

Swanson Files Suit Against American Family Legal Plan And Heritage Marketing And Insurance Services
Attorney General Lori Swanson today filed a lawsuit against two California companies, American Family Legal Plan and Heritage Marketing and Insuran...
Read more >


Make Sure Living Trust Offers Are Trust-Worthy
You've worked hard for your money, so it's no wonder that you'll want some control over what happens to your assets in the event of your death. At ...
Read more >


PROBATE AND FAMILY COURT ANNOUNCES APPROVAL OF
Chief Justice Dunphy has announced that Chief Justice for Administration and Management Robert A. Mulligan approved Standing Order 1-06,  "Cas...
Read more >


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Probate Terms

 
 


Today's Terms

Revocation

Definition:
In terms of wills, the process or act of canceling or destroying an existing will.

Health care directive

Definition:
A legal document that lets others know one's wishes regarding medical care and treatment, funeral arrangements, organ donation, and other health care concerns.

Joint tenancy

Definition:
A property held in joint tenancy is owned by two or more people who have an undivided interest in the property, and the interest continues even after the other owners die.

More Probate Terms >

 
 

Probate Resources

 


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Probate Hot Topics

 


Topics Related to Probate:

  • Probate Court
  • Last Will and Testament
  • Living Will
  • Power of Attorney
  • Trust Planning
  • Asset Protection
  • Special Needs Trusts

More Probate Topics >

Thousand Oaks Probate Attorney

 
If you live in the following cities and need an probate attorney you should contact our Probate Attorney as soon as possible:


  • Antioch
  • Bell
  • Hawthorne
  • Long Beach
  • Los Angeles
  • Norwalk
  • Oceanside
  • Pacoima
  • Santa Ana
  • South Gate
  • Norwalk
  • Oceanside
  • Oxnard
  • Pacoima
  • Pittsburg
  • Santa Ana
  • South Gate
  • Sylmar
  • Watsonville
  • Westminster
  • Fremont
  • Fresno
  • Hawthorne
  • Hayward
  • Hesperia
  • Huntington Beach
  • Huntington Park
  • Indio
  • La Habra
  • La Puente
  • Laguna Niguel
  • Lake Forest
  • Lancaster
  • Livermore
  • Long Beach
  • Los Angeles
  • Lynwood
  • Merced
  • Milpitas
  • Montebello
  • Moreno Valley
  • Napa
  • North Hollywood
  • Norwalk
  • Oceanside
  • Ontario
  • Oxnard
  • Pacoima
  • Palmdale
  • Panorama City
  • Pico Rivera
  • Pittsburg
  • Pomona
  • Porterville
  • Reseda
  • Rialto
  • Riverside
  • Rosemead
  • Sacramento
  • Salinas
  • San Diego
  • San Francisco
  • San Jose
  • San Pedro
  • Santa Ana
  • Simi Valley
  • South Gate
  • South San Francisco
  • Sylmar
  • Tulare
  • Union City
  • Vacaville
  • Victorville
  • Vista
  • Watsonville
  • Westminster


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