Many seniors in the U.S. fall victim to living trust scammers who scare and intimidate their victims into purchasing worthless, unnecessary trusts. Seniors need to know what to look out for to avoid being victims.
Going through probate can be burdensome on an estate. The estate tax can devastate the wealth of estates. Both of these are true statements. However, it does not follow from those statements that everyone should seek to keep their estates out of probate and use estate planning tools designed to get around the estate tax.
Most smaller and less complicated estates will have little difficulty with probate. Estates valued at less than $5.45 million are not subject to the estate tax, which is the overwhelming majority of estates in the U.S. Despite these facts many so-called living trust companies try to scare seniors into purchasing their products.
These companies pressure seniors by inflating the horrors of probate and the estate tax. Seniors who purchase these products often find out later that they are worthless and do not perform as claimed.
Recently, Business in Savannah offered some advice to seniors about avoiding these scams in “Seniors vulnerable to scams on trusts.”
The advice includes:
Seniors who are worried about the estate tax or probate should take matters into their own hands by contacting an experienced estate planning attorney and getting real advice.
Reference: Business In Savannah (Feb. 24, 2016) “Seniors vulnerable to scams on trusts.”
I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.
The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!
Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.
Josh Nelson, and his staff, have been amazingly helpful to our family. The ins and outs of nursing homes, the rules and regulations that govern Medicare and Medicaid are daunting and the folks at Nelson Elder Care Law have been informative, responsive, and above all, empathetic. I cannot emphasize enough how their service has taken a weight off of our shoulders especially during a world pandemic that has targeted nursing homes across our country. I highly recommend retaining Josh and his firm!
I had a simple legal question to them that I needed answered and they very helpful in giving me the information I needed. I highly recommend them and will reach out to them if I need more advice or assistance. Thank you for taking your time to just answer a couple of questions I had!