However, living trusts are also being sold through mass marketing by several companies to senior citizens in one of the fastest growing consumer blitzes in the nation. These companies are selling living trusts to senior citizens by the use of misleading claims and representations. Attorney fees are high for probate services . This also is not true. The requirements of the probate code take only limited attorney hours.
Attorney fees increase in the event of tax issues or issues of the valuation of assets.
These issues can also arise if a living trust is used. Safe deposit boxes and bank accounts are impounded in probate. Neither safe deposit boxes nor bank accounts are impounded. When the personal representative is appointed in an estate he or she has access to safe deposit boxes and bank accounts. Assets are distributed in probate only after a lengthy waiting period of 1-3 Years.