Bilking Seniors
Washington Times (08/03/00) Vol. 75, No. 7 p.B9; Carter, Janelle

Senior citizens are often being misled by salesmen looking to sell them worthless living trusts. Lawmakers have determined that many older citizens do not even realize the trusts they have established are draining them of thousands of dollars. The Senate held hearings several weeks ago on whether federal action should be taken concerning these cases. Government officials have found evidence that those citizens with modest means are being sold high-priced packages. More often than not, a salesman's materials will say that they are endorsed by the government. In reality, the government does not endorse any company that sells or markets living trusts.


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