Posts Tagged ‘Lawyer’

The Problem With Michigan Trust Kits

Written by Christopher J. Berry, Esq. on November 18, 2008 – 4:46 pm -

Living trusts have been aggressivly marketed to the Michigan public.  Unfortunatly, there are many non-lawyers out their marketing trust kits in Michigan or trust preperation services.  Buying one of these “trust kits” can be a huge financial mistake that not only effects you but also your loved ones.

The targeted customers of these salesmen are typically seniors.  They will lure the seniores in by either going door to door or holding free seminars.  More often than not, these seminars will not be taught by an attorney, but by a salseman.  They will advertised to the senior a one-size fits all estate plan, usually for over $2500.  Quite often these “trust kits” end up being a fill in the blank type document and the customer never even meets with an attorney.

There have been reports of Michigan citizens losing over $200,000 to Federal Estate taxes based off these poorly drafted plans.

If you had a estate plan or “trust kit” drafted by one of these outfits, contact a Michigan estate planning lawyer, as soon as possible to rectify the matter and create an estate plan that serves your wishes and provides for your loved ones.

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