There are several accepted meanings for the word “trust.” Relying on another person can signal trust, especially when it comes from a sense of respect and confidence. “Trust” in legal terms means an arrangement wherein property or assets are held for the heirs of the person who established the trust.
While trust is good, be careful that it is not misplaced. Scams and fraud can happen even with legal trusts. A kindly sounding salesperson can mislead you. So like shopping for any other service, be cautious. Explore options that are available to you.
A high degree of pressure is a sales tactic to avoid, especially when delivered at high speed. Did the sales person say or imply that AARP endorses the product? Don’t buy it. Endorsement of living trusts is not something AARP does. Some states require credentials such as being an attorney.
Keep Contact Information
It is important to keep the seller’s contact information. You have the protection within three work days of being able to cancel a transaction if not made at the seller’s permanent place of business. If arrangements are made at your home, for example, you have this right. Such a “cooling off period” is a consumer protection. Did you trust too much and then succumb to pressure? If so and later you regretted it, those three business days allow you to cancel the transaction.
If you take the initiative to set up a trust and seek out the most qualified professionals to help you, then you can trust yourself and your own decisions. Unsworth LaPlante, PLLC serves residents of Vermont. We are experienced and can ensure that estate planning works for your particular family situation. You can trust us with your trust.