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Trust kit company hit with $16 Million judgment
Source: The Probate Lawyer Family Feud Blog
Apr 07, 2009


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Summary

Few things make good estate planning and probate litigation attorneys angrier than unethical trust kit companies that prey on senior citizens.  Many use false statements to encourage them to purchase estate plans, and more, without ever seeing an attorney.


One of these companies is being held accountable.  It calls itself "The Estate Plan" and according to the allegations of a class action lawsuit, it ran a scam as fraudulent and devastating as any.  It and 11 other defendants are being sued in federal court in Arkansas, on behalf of elderly citizens throughout Texas and Arkansas that have fallen victim.  Because the company, The Estate Plan, did not appear to defend itself in the case, the court entered a $16 million default judgment against it.  The case continues against the remaining 11 defendants.


According to this article in the Southeast Texas record, the company held seminars and attracted seniors through free lunches and dinners.  At these seminars, it scared seniors with misleading illustrations showing how estate taxes and probate costs can rob peop

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