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We will list five common estate planning scams and share advice on avoiding them.
They usually target seniors, using a lot of pressure to sell these generic, one-size-fits-all trust documents.
These scams often come with hidden fees and poor advice that may not serve the individuals best interests.
it’s possible for you to be hit with upfront expenses and then get additional bills along the way.
Get quotes from multiple reputable professionals and ensure you receive a clear breakdown of all costs involved.
Heir Locator Scam
Another scam Towers heard about from clients is theheir locator scam.
You should also never share any financial information with an unverified stranger.
Bogus Charity Scam
Towers pointed out that one of the worst scams encountered is thebogus charity scam.
Use a reputable source that specializes in estate planning, Fry added.
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