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I saw an ad for a living trust seminar that says that amendments will be made to the trust during the lifetime of the client at no charge. How can they do that?

April 26, 2017AD amendments charge client lifetime Living trust saw seminar Trust

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I saw an ad for a living trust seminar that says that amendments will be made to the trust during the lifetime of the client at no charge. How can they do that?

1 Answer

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A. In some cases the real purpose of the seminar is not to sell you a trust, but to sell you an annuity, which results in substantial commissions to the person selling the annuity. The cost of the future amendments is minor, compared to the commissions, and also gives them the opportunity to sell you more annuities. However, in some cases the promise of free amendments is an illusion because the attorney or business involved doesn’t intend to provide anything for free. And that’s assuming that you can ever find them again to discuss the matter.