Urgent FReeper Help Requested: CLA * USA and CLA Estate Services, Inc.

CLA * USA and CLA Estate Services, Inc. ^

[SandRat]

I am requesting if anyone out there in FReeperdom has information / testimonials (positive or neagative) on the ethics, business practices, professional conduct, overall behavior of its representatives.

Need to advise a WWII Generation member on whether or not these folks can be trusted and be able to back it up with facts.

[JRandomFreeper]

No info, but a Bump.

/johnny

[VanShuyten]

Buyer beware.

http://www.ksinsurance.org/legal/orders/2004c/clausa.pdf

http://www.setexasrecord.com/news/206084-seniors-file-class-action-against-sellers-of-living-trusts

[george76]

Seniors file class action against sellers of living trusts

1/10/2008

A number of Texarkana residents have filed suit against sellers of living trust documents in a class action accusing the salesmen of exploiting senior citizens.

The living trust sellers are facing allegations of “masquerading as qualified financial advisers, estate planners, lawyers, and paralegals” to “exploit and prey” upon senior citizens with the creation and selling of “unnecessary and often useless” living trusts.

Defendants are accused of fraud, unauthorized practice of law, negligence, breach of fiduciary duty and conspiracy. The suit alleges that the defendants created and sold the living trusts as part of a scheme to gain access to senior citizens’ financial information in order to sell annuities and other financial products.

According to the original complaint, the scheme begins with advertisements that persuade senior citizens to attend a free lunch or dinner. At these meetings, the “unlicensed” living trust defendants conduct presentations and distribute materials that misrepresent the impact of probate fees and estate taxes in order to create fear that the senior citizens need to buy a trust to prevent heirs from losing their estate.

Miller County Circuit Judge Jim Hudson is assigned to the litigation.

Case No.: Cv-2007-474-2

http://www.setexasrecord.com/news/206084-seniors-file-class-action-against-sellers-of-living-trusts

[SandRat]

Thank you to all who’ve so graciously responded so far. The information is much appreciated.

[Pablo64]

This isn't answering your question about the specific group of people you cited, but here is a link to Dave Ramsey's answer to someone about whether you even need a living trust or if a will is good enough: Will or Living Trust

Hope this helps.

[SandRat]

Every little bit helps thanks. FReepers are a GOD - Send!

[Old Professer]

I hope you know that he is not a lawyer.

[Pablo64]

Never said he was, but he makes some very valid points about whether or not a living trust is necessary or even worth the expense, especially since most people who set one up never actually fully fund the trust.