Essential Steps to Protect Yourself from Inheritance Scams
Inheritance scams are a type of fraud where scammers target individuals who are expecting an inheritance, often from a distant or unknown relative, and trick them into paying fees or providing personal information in order to receive the inheritance. The scammer may claim to be an attorney or representative of the deceased person's estate, and may provide fake documents or other convincing evidence to support their claims.
Steps to Prevent Inheritance Scams:
1.Unsolicited Emails or Letters:
Be wary of unsolicited emails or letters that claim you are entitled to an inheritance from a distant or unknown relative, especially if the offer seems too good to be true.
2. Identify Person or Organization
Verify the identity of the person or organization contacting you, and independently confirm any information they provide about the deceased person's estate or the inheritance.
3. Paying Fees to Claim Inheritance
Be cautious of anyone who asks you to pay fees or provide personal information in order to claim the inheritance, especially if they request payment via wire transfer or prepaid debit card.
4. Verify Official Websites
Check the official website of your state's attorney general or consumer protection agency for information about inheritance scams and how to report them.
5. Consult with a trusted attorney or financial advisor
Consult with a trusted attorney or financial advisor before making any payments or providing personal information related to an inheritance.
6. Never Provide Sensitive Information
Never give out your Social Security number, bank account information, or other sensitive information to someone you don't know or trust.
7. Never be Pressured to Act Quickly
Be wary of anyone who pressures you to act quickly or keep the inheritance a secret, as this is a common tactic used by scammers.
8. Don't be Fooled by Websites or Social Media
Don't be fooled by fake or misleading websites or social media profiles that claim to be affiliated with the deceased person or their estate.
9. Know it isn't an Instant Process to Collect an Inheritance
Keep in mind that legitimate inheritances typically go through a lengthy legal process and involve multiple parties, including attorneys, executors, and trustees.