Prepaid Legal Services-Buy The Extinguisher Before the Fire?


Insurance:

When everyday roadblocks jump into our path, a person usually asks themselves what could have been done to prevent that from happening and interrupting the routine of a good life.

When illness grabs ahold of us, we expect our medical insurance to bail us out, we expect the same thing from our car and home insurance companies. But guess what, our legal protection and our identity rights don't mean as much to us as it should.

I was soon prompted to research a couple of places that offers a prepaid legal service plan to people who need it. I'm finding that while beneficial, a prepaid legal plan may not be everyone's cup of tea.

I ponder on if a prepaid legal serivce plan is something people need to have or is it a product that takes advantage of people's fear and anxiety about legal matters.

I admit that I did need an attorney when my pops passed away to try to figure out how to bring closure to his estate and divide up a little money.

Naturally we hit a roadblock because the old timer didn't really get around to making regular revisions to his last will and testament. I've read that prepaid legal providers offer last will and testament preparation with complimentary updates annually.

Getting a will prepared is not something I just think about throughput the course of my day. Maybe it should be because I read somewhere that 70% of people die without a will.

Most prepaid legal service organizations insist that you get your will professionally done as soon as you join with the organization-actually they highly recommend it.

From what I understand about most prepaid legal services is that they are basically a voice for those who probably can't keep an attorney on retainer full time and that turns out to be most people. But I guess a prepaid legal services plan would be like having an entire law firm on retainer.

Even if I had to handle several legal situations at the same time like unsatisfactory work on my home, will preparation, or an unjust charge sent to collections, I would be able to have my prepaid legal law firm handle these things on my behalf.

I could be getting hit with all types of legal situations but I really have none to speak of so getting a prepaid legal service plan wouldn't really make sense to me now. The only thing that could benefit me now could be the last will and testament preparation if I had a few things to leave behind.

Could be that the whole point of having some prepaid legal protection is to prepare for life's "what ifs".

R.Bernard Sloan tells the tales of people who have either chosen to join a prepaid legal service plan or people who have chosen not to. He thinks that a prepaid legal service plan may work for some, but not for all.


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