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February 06, 2012
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Probate Law News

 

Attorney General Corbett Files Second Suit Alleging "Living Trust" Sales Scheme

Attorney General Tom Corbett today announced that a second civil lawsuit has been filed against the operators of a living trust sales scheme, who are accused of deceiving elderly consumers into purchasing Revocable Living Trusts and other estate planning products that pay the sellers high commissions, but may not be in the consumers' best interest.  

The Attorney General's Charitable Trusts and Organizations Section simultaneously filed a motion for special injunction and for preliminary injunction that asks the court to immediately require that the defendants cease all illegal operations until the lawsuits are decided.  A Commonwealth Court hearing on the motion is set for 10 a.m. Wed. May 3.

The suit identifies 11 defendants, including Montgomery County lawyer Brett B. Weinstein, who was named in the Attorney General's original October 2004 complaint. Corbett said this latest legal action follows an investigation into additional complaints from elderly consumers, who claimed that they were defrauded by the defendants. Read more at attorneygeneral.gov.

 

 

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Did You Know?    
 
 
It Is Not Wise To Handle Probate Without A Lawyer
Probate is a very complicated and formal process. There are no requirements to use a lawyer, but it is not wise to do so. Even the smallest detail that is missed or left out can cause everything to come to a halt, exposing everyone to liability.

 


  Newsroom  
 


Latest news about probate cases in Arkansas and nationwide:

Trust Mills Can Be Financial Traps
Consumer:  I’m exploring estate planning options, including living trusts. I’ve read recent warnings about “trust mills.” What are these?

...

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The Implementation Of The New Standards For Category F Guardians Ad Litem/Investigators And Standing Order 1-05
The Probate and Family Court Administrative Office has announced that the new standards for Category F, Guardians ad Litem/Investigators will be ef...
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Each bank or investment firm may have its own format, but generally you may use, for a trust
How do I title accounts? Each bank or investment firm may have its own format, but generally you may use, for a trust, "Alice Carrol...
Read more >


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Probate Terms

 
 


Today's Terms

Escheat to the state

Definition:
When no heirs have made claims to either all or part of an estate, the state receives the unclaimed estate.

Attorney-in-fact

Definition:
This person receives the powers allocated in a power of attorney, such as a right to handle another person's financial matters.

Codicil

Definition:
An amendment to a will. It is a separate document.

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Probate Resources

 


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Probate Hot Topics

 


Topics Related to Probate:

  • Probate Court
  • Last Will and Testament
  • Living Will
  • Power of Attorney
  • Trust Planning
  • Asset Protection
  • Special Needs Trusts

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Arkansas Probate Attorney

 
If you live in the following cities and need an probate attorney you should contact our Probate Attorney as soon as possible:


  • Batesville
  • Benton
  • Bentonville
  • Blytheville
  • Cabot
  • Camden
  • Conway
  • El Dorado
  • Fayetteville
  • Forrest City
  • Fort Smith
  • Harrison
  • Hot Springs National P
  • Jacksonville
  • Jonesboro
  • Little Rock
  • Magnolia
  • Mountain Home
  • North Little Rock
  • Paragould
  • Pine Bluff
  • Rogers
  • Searcy
  • Sherwood
  • Springdale
  • Texarkana
  • Van Buren
  • West Memphis
  • White Hall


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