A 2010 Indiana court ruling highlights the significance of dealing with an estate planning attorney who can develop a tailored estate plan to satisfy your specific needs.
An Indiana insurance coverage marketing company that used estate plans to clients, specifically targeting retirees and the elderly, was recently found to be practicing law without a license. This marketing firm not just tried to offer an ‘estate plan’ to their customer, but they also used their clients’ financial info to try to offer them insurance products.
In the case of Indiana State Bar Association v. United Financial Systems Corporation., it was discovered that a marketing company used a panel of lawyers to prepare estate planning files, such as wills, trusts and powers of attorney. Non-lawyers, in fact salesmen, met with and gathered the information from the clients, and also delivered and monitored the finalizing of the files. For this service, a customer was charged over $2,000– which is in the variety of what an estate planning attorney would typically charge for preparing and tailoring several estate planning documents.
The Indiana Supreme Court ruled that the business’s organisation design “marginalized the attorney’s role to such a degree regarding cross the line of acceptable practices.” The court not just got in an injunction against the company, but they also ordered it to offer a copy of the court’s viewpoint to all of their customers, to offer refunds to particular consumers, and to pay attorney’s costs and expenses of the Indiana State Bar Association, which brought the fit versus the company.
A true estate plan can not be bought online, nor bought from a marketing company– it requires to be tailor-made to suit your needs. Work with an estate planning lawyer in your state to offer the legal competence that your family needs, and is worthy of.