Konkurencja i konsument · 5.02.1997

The Administrative Co.; Michael P. McIntyre; Analysis to Aid Public Comment

In settlement of alleged violations of federal law prohibiting unfair or deceptive acts or practices and unfair methods of competition, this consent agreement, accepted subject to final Commission approval, would prohibit, among other things, The Administrative Company and McIntyre from making misrepresentations about living trusts, and would require them to make certain disclosures with regard to legal challenges that can be made against living trusts, the possibility of probate for certain estates regardless of whether living trusts are used, and the transfer of consumers' assets into the trusts. The agreement settles allegations that the respondents made numerous false statements about the benefits and appropriateness of living trusts, in general, and about living trusts they sold, in particular.