Report: #1406217

Complaint Review: Michael F Armstrong Esq

  • Submitted: Sat, October 14, 2017
  • Updated: Sat, October 14, 2017
  • Reported By: Allen — San Diego California USA
  • Michael F Armstrong Esq
    3110 Camino Del Rio North Ste 319
    San Diego, California
    USA

Michael F Armstrong Esq Armstrong & Armstrong This attorney represented my family trust account and literally looted it while not filing irs forms San Diego California

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 This attorney advertises that he is an experienced attorney in the practice of elder law, probate, trusts, personal injury, real estate and family law. In reality he has little experience in each of these specialties thus having no real ability to represent you in any of them correctly. His main focus is to loop you on telling you lies or things that he knows when you hear them will make you believe he was s the one for the job. He quotes reasonable fees and is personable when you meet him. His real goal is to loot your accounts or charge fees that are unacceptable and.co spidered for the most part illegal. In the end, he leaves you with the job incomplete, still open this subjecting you to the IRS and state taxes you should not have to pay. Because of his antics. You end up with an account that is left open. With our family trust as an example Mr. Armstrong charged $60,000 to manage a trust that was only valued at $700,000. He told us that the law stated that we must use an attorney if we have a trust in order to divide the assets while no such law exists . As a matter of fact, a trust was created to avoid probate and attorney fees so beneficiaries can keep the assets for themselves rather than give it up to an attorney.

A real trust attorney would charge about $15,000 for an estate of this size yetbhe charged over $60,000. He failed to file the mandatory trust accounting documents and did not close out the trust. It remains open after 4 years past my parents deaths. He manged the sale of the trust property and undersold it by over $200,000 causing the beneficiaries to lose at least that much and likely much more if they had been advised to hold on a while longer. He charged for weekly international calls where he did nothing but speak to the trustee and keep her company all the while knowing that she had a mental illness and should have been removed as trustee. He allowed bank accounts to be taken down to under zero by not announcing to banks that the owners were deceased. He left bank accounts open with funds and quit. He allowed the trustee to open an account under her name rather than using the required EIN thus causing her to eventually be taxed on the money in the trust as income by the irs and state of Califirnia. This because it will show up as income rather than a trust account with a capital gain that cannot be reversed.it will cost the trustee upwards of $250,000 in tax that should have been zero.

Finally, he allowed the trustee to remove almost all of the funds from the trust account prior to dividing them because he failed to pay attention even though he was told that this was going to happen based on her history. After this report is completed we will be reporting him to the state Bar for these acts and hopefully he will be fined or disbarred. Stay away from Michael Armstrong. Lastly , there is no such entity as Armstrong and Armstrong there is only Michael. Once upon a time his brother worked with him however that was long long ago. He leaves the name to appear larger than he really is.

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This report was posted on Ripoff Report on 10/14/2017 04:56 AM and is a permanent record located here: http://www.ripoffreport.com/reports/michael-f-armstrong-esq/san-diego-california-92108/michael-f-armstrong-esq-armstrong-armstrong-this-attorney-represented-my-family-trust-1406217. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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