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New Yorkers, watch out for these estate planning scams

On Behalf of | Sep 9, 2021 | Estate Planning |

Nearly everything critical in your life comes with the risk of being scammed out of your hard-earned money, even estate planning. A great many nefarious individuals are lying in wait, ready to give you supposedly excellent estate planning services in exchange for a tidy sum.

Fortunately, a little bit of due diligence on your part can keep your assets safe from a would-be scammer. Knowing about scamming techniques victimizing residents of Staten Island, New York, is a good way to avoid becoming victimized at a time when you need financial security.

Beware of these estate planning scams

Making an estate plan is always a good idea, but fraud exists in virtually every corner of any industry. To help you avoid throwing away your money, avoid estate planning offers likes the ones below.

  • Template offers. Some people or companies online offer downloadable estate planning templates for use in creating a plan. However, using untrustworthy cookie-cutter forms or templates can leave you broke and your assets unprotected.
  • Cold calls. Scam artists frequently use telephone numbers to increase their pool of victims. Never transfer money to anyone that calls you with promises of providing you with a comprehensive estate plan.
  • Upfront fees. A well-developed estate plan minimizes the expenses your heirs will face after you die. If someone keeps demanding ridiculous upfront fees for their services, it could be a scam.

Do not let your fear of fraud or deception prevent you from making an estate plan. Instead, improve your understanding of estate planning services. Taking this step can ensure that neither you nor your loved ones fall prey to a scam.