Posted on Friday, 23rd July 2010 by Christopher Allen
An Arizona company was barred from selling estate planning products in Washington state under a settlement announced Thursday by the office of state Attorney General Rob McKenna.
The Attorney General’s Office accused The Preservation Group LLC of Chandler, Ariz., of “misrepresenting probate as a time-consuming process that can eat up a nest egg” and selling expensive living trusts to older consumers.
The Preservation Group agreed to pay restitution to eligible consumers, reimburse the state for fees and legal expenses, and refrain from selling estate planning products in Washington state.
The Attorney General’s press release follows:
Rob McKenna
ATTORNEY GENERAL OF WASHINGTON
1125 Washington Street SE · PO Box 40100 · Olympia WA 98504-0100
FOR IMMEDIATE RELEASE
July 22, 2010
Attorney General settles case under state’s “trust mill” law
Seminar speakers weren’t qualified to sell estate planning documents
SEATTLE – The Attorney General’s Office has accused an Arizona company of violating a 3-year-old state law intended to crack down on “trust mill” schemes. The Preservation Group an
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Tags: State, Washington State
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