My employer recently added a Prepaid Legal plan to the list of benefits they offered. Having a couple of impending estate and will legal questions, we went ahead and purchased the service. Little did we know that we would need to use the services of the prepaid legal service so quickly. No one imagines that they will need some type of insurance for legal help , but when you have it, it sure comes in handy. We decided that due to our children being almost grown, we needed to set up a will as soon as possible
We called our prepaid legal service, who suggested an attorney who was on their board. It is somewhat like belonging to an insurance company and having to go to a doctor on their list. Not all attorneys are on the same prepaid legal service list. They referred us to a couple of attorneys in the local area.
Prepaid legal services can help immensely with the cost of handling estate and will claims. You are allowed a certain number of visits and services that are
covered. After that, the attorney begins to charge whatever his usual and customary charges are. Listed below are six estate and will questions that prepaid legal services cover in their insurance.
1) Setting up a will. This is not a simple matter and includes more than simple finances. Who receives which items and how it is to be dispersed are also covered. Prepaid legal services cover the basics here.
2) Executor of the estate. Should you become incompetent due to disease or injury, you can set up an executor of your estate in advance. This is a wonderful service and merely entails having both parties coming up with an agreement and signing the paperwork.
3) There might be some confusion between what a trust is and what a will is. An attorney can help sort out the confusions. A will of course sets up who gets what items, where a trust states what the funds are to be used for, say a child’s education. Our prepaid legal service covers setting up trusts also.
4) Disputes over wills. I have often found it silly that people would argue over material goods when someone has passed away, but if there are disagreements over a problem with a will, they will meet with the party who has the insurance, charge the others their usual fees, and resolve the disputes over the will
5) The IRS selects you on an audit on willed property or money. The prepaid legal service will assist in contacting the IRS concerning these matters and helping to solve your tax issues.
6) Your executor of your estate has handled your affairs poorly. This actually happened to a friend of ours. When she regained her health, her overseer had sold all of her properties. it would have been helpful if she had a prepaid legal service. As I remember, she couldn’t do much of anything as she could not afford an attorney.
One never knows when they might need an attorney and a prepaid legal service is a good way to handle this unforeseen event. I would suggest that everyone look into the service. A good site to check out that offers prepaid legal plans is www.prepaidlegalprograms.com. It never hurts to give it a check to see if prepaid legal services might be for you and your family.