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The Risks of California Living Trust Mills
Living trust mills connect with prospective clients through the mail, at church, and in assisted living centers. Salespeople often employ underhanded tactics to find an audience: they may promise a free estate planning seminar, offer a complimentary lunch, or mail free informational materials to prospective customers. If you have been contacted by a company promising an “easy trust” or “free estate planning advice,” it’s important to watch out for warning signs of a scam.
Warning Signs of a California Living Trust Mill Scam
- Reliance on “mailer cards” and other cold-calling-type strategies
- Informational meetings that include a free meal or other obvious incentives
- Non-attorney agents who position themselves as estate planning “experts”
- Trust “specialists” who sell other services, including insurance sales, mortgage financing, and general tax help
Each of these strategies is designed to lure potential clients into a face-to-face meeting.
When clients arrive for their free seminar, they are almost always greeted by people who call themselves “trust experts” or “estate planning specialists,” yet who have no legitimate legal background.
Often, trust mill agents intentionally target senior citizens, collecting their financial information and pressuring them into re-investing their retirement assets.
