Attorney General Bill Schuette Issues Consumer Alert To Beware of "One Size Fits All" and "Free Lunch Seminar" Estate Planning
We here at Gee Law PLLC agree with Michigan Attorney General Bill Schuette, who recently issued a Consumer Alert warning folks to beware of estate plans that are "One Size Fits All" or from a "Free Lunch Seminar." We realize that nothing is more important than safeguarding your life, your family and your assets, which are unique to YOU. As our attorney general stated, "Misinformation about the cost and complexity of probate provides a golden opportunity for sales pitches exploiting fears that life savings may be lost to taxes, predatory probate attorneys, or distributed years after death because of court delays. With laws curbing telemarketing sales calls, use of free lunch seminars to pitch estate planning products have surged. Promoted as "educational" programs, these seminars are commonly a sales job in disguise. Be alert to seminars pushing "one size fits all" estate planning products, including living trusts. A decision as important as estate planning should be made with reliable, professional counsel who can help you decide what estate plan is best for your own individual situation, rather than someone whose primary interest is making a sale." For more information, check out: http://www.michigan.gov/ag/0,4534,7-164-18156-44727--,00.html.
For questions about this or any estate or business planning matter, contact us today!
1/22/2017 01:03:41 am
I really agree with the attorney General's move. I'm glad that they decided to partake in this decision. We should value the customer's well being and avoid being controlled by greedy businessmen. I'm happy that they are willing to denounce this illegal act. Hopefully, citizens are informed in this matter and consequences can be avoided.
11/10/2022 04:37:16 am
Appreciate your blogg post
3/8/2023 01:41:30 am
Ultimately, I agree with the position of the with Michigan Attorney General Bill Schuette although not without some reservation. I think we should do more research about misinformation of cost at all.
Leave a Reply.
Kevin Gee is an experienced Michigan attorney ready to assist you with your business and estate planning needs.