Living Trust Mills Are Something Consumers Should Be Wary Of

There are more baby boomers who are reaching retirement age and living trusts have become a hot estate planning commodity.  This article discusses the need for consumers to be wary of living trust mills that market themselves as estate planning specialists but instead churn out boilerplate documents for a high fee.  The living trust is a complex legal document and attempting to go with a one-size-fits all approach will typically not go over well.  Living trust mills typically make contact with consumer by phone or mail and many people get drawn into the process.  People should be very careful about avoiding these types of products.  It is a good idea to meet with an experienced and competent estate planning professional who can guide consumers through the process of creating a personal living trust. 

See Mark Huffman, Consumers cautioned about ‘living trust mills’, Consumer Affairs, April 22, 2016.