If you are age 50 or older, you should take special care when buying living trusts. Your age group is often a special target of sales-persons whose goal is to sell you something without carefully analyzing your needs. Living trust sales are a growing area of consumer fraud.
Con artists make millions of dollars every year selling unnecessary trusts.
Often. families face potentially greater costs after the consumer's death, resulting from problems associated with the trusts. Take time when making your decision. Seek the advice of someone trustworthy and knowledgeable. If you conclude that a trust might be right for you, deal directly with a licensed Texas attorney who has substantial expertise in estate planning. Con artists promote their businesses by making false or incomplete statements about the probate process, guardianships, and the taxation of estates.