The Truth About Living Trusts
By: Education & Outreach | Source: AARP.org
Helpful Tips
You may have gotten a call, a visit to your door, or a postcard offering you more information on living trusts. You might have been offered a free lunch seminar. You might even have seen a reference to AARP in the marketing materials. If any of this happens to you, keep two things in mind:
- AARP does not sell or endorse any living trust product, does not work in cooperation with any company that promotes or sells them, and does not sell or give its membership lists to such companies.
- There's no such thing as a free lunch. A living trust may be a useful tool in your estate planning. However, aggressive
salespeople often make it sound more useful than it really is.
Beware of living trusts scams. A properly created living trust can be helpful if you need help managing assets during a disability (and a power of attorney won’t work), if you have children or grandchildren with special needs, or own real estate in more than one state.... Back to Article
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