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The Dangers of Estate Planning | Bankruptcy Lawyers of San Diego

The Dangers of Estate Planning

By administrator 0 Comment September 3, 2019

A 2010 Indiana court judgment highlights the significance of dealing with an estate planning lawyer who can develop a customized estate plan to meet your particular needs.

An Indiana insurance coverage marketing company that used estate strategies to customers, specifically targeting senior citizens and the elderly, was recently discovered to be practicing law without a license. This marketing company not just tried to offer an ‘estate plan’ to their client, but they also utilized their clients’ monetary information to attempt to offer them insurance coverage products.
In the case of Indiana State Bar Association v. United Financial Systems Corporation., it was discovered that a marketing firm utilized a panel of lawyers to prepare estate planning documents, such as wills, trusts and powers of lawyer. Non-lawyers, really salesmen, consulted with and collected the information from the customers, and also delivered and supervised the signing of the files. For this service, a customer was charged over $2,000– which remains in the variety of what an estate planning lawyer would usually charge for preparing and personalizing numerous estate planning documents.

The Indiana Supreme Court ruled that the company’s organisation model “marginalized the lawyer’s role to such a degree as to cross the line of allowable practices.” The court not only got in an injunction against the business, but they likewise ordered it to supply a copy of the court’s opinion to all of their consumers, to provide refunds to certain customers, and to pay lawyer’s charges and costs of the Indiana State Bar Association, which brought the fit against the company.
A true estate plan can not be acquired online, nor bought from a marketing firm– it needs to be tailor-made to fit your needs. Deal with an estate planning lawyer in your state to provide the legal know-how that your family requires, and deserves.