Selecting a financial planner for your financing is a very important decision. Please enter your information below to locate a qualified financial planner in your area
Estate Planning News
AG Sues Bellevue Estate Planning Companies; Asks Victims To Step Forward
Attorney General Christine Gregoire today filed a lawsuit against two Bellevue based companies for violating an agreement to stop engaging in deceptive estate planning sales tactics that target senior citizens.
The complaint against Senior Estate Legal Services, Inc. and Asset Preservation Group, Inc. alleges that Neil Adkins and John Cannon preyed on senior citizens by developing personal relationships in order to gain access to their financial information. The information then was used to press the victims into buying inappropriate or useless investment, estate planning and insurance products.
The Attorney General's complaint also asserts the companies provided legal services to consumers without license to practice law, charged consumers for services that were not provided, and failed to deliver products that were paid for, all violations of an Assurance of Discontinuance Order filed in King County Superior Court in 1996.
Both companies are managed out of the same office in Bellevue and are known to have operated around Skagit Valley, Yakima, Spokane, and possibly other areas in the state.
The Attorney General's Office is asking that anyone who has made transactions with the companies and has concerns to contact its Consumer Resource Center toll-free at 1-800-551-4636.
The lawsuit, filed in King County Superior Court, seeks consumer restitution and civil penalties of up to $2,000 per violation. Defendants in the suit are Senior Estate Legal Services, Inc. and its owner, Neil T. Adkins and Asset Preservation Group, Inc., and C. John Cannon., a sales representative for both corporations.
The costs and expenses of a conservatorship are paid by your estate
A CONSERVATORSHIP is if you suffer from an incurable disease or are involved in a debilitating accident and are unable to manage your own affairs, state law might require someone to go to court to have a conservator appointed by the court. The conservator is given the authority to make financial decisions and handle your financial affairs, under court supervision, when you lack the capacity to manage them on your own.
Newsroom
Latest news about Financial & Estate Planning in Chicago and nationwide:
Definition:
Sometimes called an Inter-Vivos Trust--A written legal document established during a person's lifetime into which he/she places property.
Estate
Definition:
The total of all assets, all debts and other obligations of an individual. At the time of death the total amount of benefits (life insurance, annuity and retirement benefits) to be paid to beneficiaries are often also considered part of the estate for Federal Estate Tax purposes
Gain
Definition:
The difference between the Tax Basis (the amount originally paid for property with certain adjustments) and the amount received for the property when it was sold.
Legal Disclaimers All attorney listings are a paid attorney advertisement, and do not in any way constitute a referral or endorsement by an approved or authorized lawyer referral service. The information provided on Chicago Estate Planners.com is not intended to be legal advice, but merely conveys
general information related to legal issues commonly encountered. Your access
to and use of this website is subject to additional Terms
and Conditions.
Local Professional? Generate new business today
Call 866-227-9356 or contact a sales rep
Did You Know?