A 2010 Indiana court ruling highlights the value of dealing with an estate planning attorney who can develop a personalized estate plan to meet your specific requirements.
An Indiana insurance marketing company that offered estate strategies to customers, specifically targeting retirees and the senior, was just recently found to be practicing law without a license. This marketing company not only attempted to offer an ‘estate plan’ to their client, however they also utilized their customers’ monetary info to try to sell them insurance products.
In the case of Indiana State Bar Association v. United Financial Systems Corporation., it was found that a marketing company utilized a panel of attorneys to prepare estate planning files, such as wills, trusts and powers of lawyer. Non-lawyers, really salespeople, consulted with and collected the information from the customers, and also delivered and monitored the signing of the files. For this service, a consumer was charged over $2,000– which is in the range of what an estate planning lawyer would typically charge for drafting and personalizing numerous estate planning documents.
The Indiana Supreme Court ruled that the business’s business model “marginalized the attorney’s function to such a degree regarding cross the line of allowable practices.” The court not only entered an injunction against the business, but they also purchased it to provide a copy of the court’s viewpoint to all of their customers, to offer refunds to specific customers, and to pay lawyer’s fees and expenses of the Indiana State Bar Association, which brought the match against the company.
A real estate plan can not be purchased online, nor purchased from a marketing firm– it requires to be tailor-made to suit your needs. Deal with an estate planning attorney in your state to offer the legal expertise that your family requires, and deserves.