${site.data.firmName}${SEMFirmNameAlt}
Throughout Southern California
310-324-9403
Toll-Free
866-402-1805
View Our Practice Areas

Living Trust Scams Often a Threat to Seniors

Many living trust scams are aimed at seniors in an attempt to scare the victims into unnecessary trusts that are worthless. Seniors need to be aware of the scams and how to identify them.

Going through probate can reduce the total value of an estate but it often is not necessary to avoid probate or to find ways to circumvent it because many estates, being small and not complicated, easily go through without problems.

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:

  • If you do not understand the terminology of a document, do not sign it.
  • Pressure tactics such as limited-time offers and numerous phone calls are a sign of a scam.
  • If a living trust company tells you that it is affiliated with a national organization, verify the affiliation independently.
  • If you do sign something and have second thoughts, by law you have three days to cancel a living trust deal if you purchased it outside of the company's regular business office.

Concerned seniors can work with an estate planning attorney to gain more knowledge of probate.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Find Out The Difference That Experience And Expertise Makes

Get the peace of mind that you deserve. First, attend a seminar. This will entitle you to a free initial consultation and a discounted estate planning fee. To learn more about our services or sign up for a seminar, contact us online or call us at 866-402-1805. We have offices in Torrance, Orange, Newport Beach, Pasadena and Woodland Hills.

Questions? Contact Us.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Call Now For A Free Consultation: 866-402-1805
  • ${site.data.firmName}${SEMFirmNameAlt}
  • Main Office: Torrance

    Torrance Office
    990 West 190th Street
    Suite 500
    Torrance, CA 90502

    Toll Free: 866-402-1805
    Map & Directions

    Orange Office
    333 City Boulevard West
    17th Floor
    Orange, CA 92660

    Toll Free: 866-402-1805
    Map & Directions

    Newport Beach Office
    5000 Birch Street
    Suite 8000
    Newport Beach, CA 92660

    Toll Free: 866-402-1805
    Map & Directions

    Pasadena Office
    790 East Colorado Boulevard
    9th Floor
    Pasadena, CA 91101

    Toll Free: 866-402-1805
    Map & Directions

    Woodland Hills Office
    5850 Canoga Avenue
    4th Floor
    Woodland Hills, CA 91367

    Toll Free: 866-402-1805
    Map & Directions

    Office map
Check out The Law Firm of Kavesh, Minor & Otis on Yelp
Check out Kavesh Minor & Otis on Yelp
Check out The Law Firm of Kavesh, Minor & Otis - Orange on Yelp
Check out The Law Firm of Kavesh Minor & Otis - Pasadena on Yelp