What are you doing for dinner tonight?
Maybe you’ll be with family at home, or out with friends after work. Or, you may have in front of you an invitation to an estate or Medicaid planning “seminar” at a local restaurant. These invitations often promise free estate planning information and a complimentary meal – all at no obligation to you. Often, what is pitched as an educational seminar is instead a hard sell of a revocable or irrevocable trust package. The attorney or firm may even discount the package if you make a commitment on the spot.
There are several important reasons for everyone to have an estate plan – to ensure that property passes to intended beneficiaries, to protect assets, provide for minor children, and plan for incapacity – to name just a few. But, let the buyer beware: these typical “one size fits all” plans often come at inflated price tags and may involve estate plan strategies which are not desirable or appropriate for every individual.
While the prospect of some free information, together with a complimentary meal may seem enticing, there is indeed truth in the statement, “there ain’t no such thing as a free lunch.” Before you attend a dinner seminar, and certainly before you make any kind of commitment if you do go for that “free meal,” please reach out to us. An attorney in the firm’s Wills, Trusts and Estates group at Hamburger, Maxson, Yaffe & McNally, LLP will be happy to meet with you to discuss an appropriate and cost effective plan that takes into account your unique personal, financial, and family needs.