Trust

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So I paid $4000 to establish trust last year. Law office called and said I need to do annual review for $595 to continue relationship. Otherwise they disengage??? So do I have a legal document. Is it not excuteable unless they are engaged? I did this in Indiana and it was a one and done. Is that not the case Colorado. I feel like I am being scammed. The paralegal made all these vague references of what a mess it would be if I don’t continue the “relationship. Do I seek out another law firm?

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Posted by Anonymous
Asked on October 28, 2020 11:02 am
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There is no way we could tell if the document is legal without looking at it, but assuming it was signed and executed properly my guess is that the trust is valid. The failure to pay an annual maintenance fee would not invalidate a legal document.

As for seeking out alternative counsel, the choice is yours. It’s important that you are comfortable with your legal counsel for both your peace of mind as well as your loved ones after you pass. If you decide to interview new counsel, I hope you’ll consider speaking with us as well.

Good luck

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Posted by Bill Henry (Questions: 1, Answers: 75)
Answered on October 28, 2020 11:35 am