If you're age 50 or older, you should take special care when buying living trusts. Your age group is often a special target of salespersons whose goal is to sell you something without carefully analyzing your needs. It's easy enough to become a victim. 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. Contact your accountant, estate planning attorney, banker or financial advisor. If you conclude that a trust may be right for you, deal directly with a licensed Texas attorney who has substantial expertise in estate planning.