Estate Planning News

Attorney General Files Second Suit Alleging "Living Trust" Sales Scheme

HARRISBURG - Attorney General Tom Corbett today announced that a second civil lawsuit has been filed against the operators of a living trust sales scheme, who are accused of deceiving elderly consumers into purchasing Revocable Living Trusts and other estate planning products that pay the sellers high commissions, but may not be in the consumers' best interest.  

The Attorney General's Charitable Trusts and Organizations Section simultaneously filed a motion for special injunction and for preliminary injunction that asks the court to immediately require that the defendants cease all illegal operations until the lawsuits are decided.  A Commonwealth Court hearing on the motion is set for 10 a.m. Wed. May 3.

The suit identifies 11 defendants, including Montgomery County lawyer Brett B. Weinstein, who was named in the Attorney General's original October 2004 complaint. Corbett said this latest legal action follows an investigation into additional complaints from elderly consumers, who claimed that they were defrauded by the defendants.

Both legal actions accuse the defendants of intentionally deceiving consumers into believing that they were receiving competent legal and impartial estate planning advice, when in reality, they were coaxed or deceived into purchasing only the products that the defendants sold. Read more at: www.attorneygeneral.gov

Contact our Arkansas estate planning attorney now.

	Did You Know?
	Estate planning is a process to consider alternatives Good estate planning is more than just a simple Will. Estate planning also typically minimizes potential taxes and fees, and sets up contingency planning to make sure your wishes regarding health care treatment are followed. On the financial side, a good estate plan coordinates what would happen with your home, your investments, your business, your life insurance, your employee benefits (such as a 401K plan), and other property in the event you became disabled or if you die.