Avoid Phony Experts – Find The Right Estate Planning Expert & Financial Advisor

Talk with an attorney who knows Medicaid rules before creating any trust, or giving away any property. The laws are complicated and change frequently.

The Medi-Cal laws and regulations are complicated and change so often that a special area of the law has developed, often referred to as elder law. It is imperative that families facing the possibility of a nursing home stay for one of their members see an attorney who practices in this area. There is too much to lose by following inaccurate or out-of-date information.

If you are interested in setting up a living trust or in determining whether a trust is the best option for you, based upon your individual situation, the Better Business Bureau recommends that you seek legal counsel.

Agents and insurers are requested to conduct a focused identification and review of each marketing program in which they are involved . . . Particular attention should be given to any program for annuity sales in which the insurer or agent states or infers that they possess particular expertise in the areas of law, finance or financial planning. Offending programs should be corrected immediately, and remedial action should be taken.

Too often I am afraid they are camouflaged insurance salesmen. They wind up selling you a product in too many instances that you do not need.

Some financial planners and insurance salespeople use fear tactics to sell products to seniors that will not protect them during a lengthy nursing home stay, yet these salespeople claim they will. These products are tempting to sell because the salespeople make a huge profit off them. Many of these con artists run scams in seminars, scaring seniors into believing that they will lose everything if they do not sign up for their services. The problem is, these scam artists do not have the expertise to help the seniors, and they charge exorbitant fees for doing absolutely nothing.