Oregon Department of Justice

Attorney General Ellen F. Rosenblum

Oregon Department of Justice - Attorney General Ellen F. Rosenblum
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SETTLEMENT REQUIRES ESTATE PLANNERS TO PAY $18,400

December 31, 2009

Five South Coast consumers will receive refunds totaling $8,650

Attorney General John Kroger today announced settlements that require three estate planning companies to pay $18,400 and prohibit them from using non-lawyers to prepare living trusts.

The settlements, filed in Coos County Circuit Court, are with attorney James G. Knollmiller of Mesa Arizona; Legacy Plans Inc., d/b/a The Estate Planning System and its president Don Deasy of Phoenix Arizona; and an Oregon estate planning firm, Consolidated Financial, LLC of Grants Pass.

Five Oregon consumers will be fully refunded the $8,650 they paid for estate planning documents. The Oregon Department of Justice will receive $9,750.

The settlements, which admit no wrongdoing, followed an investigation by the Oregon Department of Justice into allegations of non-lawyers taking money for the preparation of living trusts in violation of state law.

The Financial Fraud/Consumer Protection Section of the Oregon Department of Justice will continue to pursue living trust mills and lawyers who enable unsupervised non-lawyers to take money for the preparation of living trusts. Not only does such conduct violate Oregon law, but historically the absence of meaningful legal advice can result in poor or unnecessary estate planning choices by seniors as well as the potential for loss of assets if unscrupulous persons learn of a senior's assets.

Senior Assistant Attorneys General Thomas K. Elden and Janelle Wipper of the Financial Fraud/Consumer Protection Section handled the case for Oregon Department of Justice.

Attorney General John Kroger leads the Oregon Department of Justice. The Department's mission is to fight crime and fraud, protect the environment, improve child welfare, and defend the rights of all Oregonians.

Contact:

Tony Green, (503) 378-6002 tony.green@doj.state.or.us |
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