Beware of Trust Mills

Word is spreading on our WealthCounsel listserv about an estate plan prepared by a local trust mill:

H&W had RLT- then divorced
Trust Mill prepared separate RLT for each party- grant deed reads:

H & W, trustees of the family trust, dated _____ hereby grants to” 1/2 interest to the LT of H and 1/2 interest to LT of W both dated ___________, H and W as trustees. 

… both ex H and ex W are co-trustees of each separate trusts. 

The pour over will includes community property, witnessed by notary and someone else, (no name types, address or other identifying information). 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s