Imagine only paying $30 -$50 per month for your own personal lawyer. One that is at your service to answer any questions you have and provide counsel on moves you are thinking of making – too good to be true? That is what prepaid legal services offer you! Think of it like you would a health insurance plan, only with legal services. You are paying a monthly premium for access to service should you need it. The idea is that the monthly fee subsidizes the true cost of the service. With one phone call, your lawyer provides consultation for you, review documents, make calls, send emails, write a letter for your company and in some cases trial defense. Just like a health insurance plan, should you require services outside of the normal level, you simply pay the difference for another above your “allotment”.
According to the American Bar Association, “group and Prepaid Legal Services plans, provide an efficient mechanism for matching clients in need of services with lawyers. Group Legal Plans create panels of lawyers with expertise in various areas and match them with plan members/clients.”
LegalShield founded in 1972 is an example of prepaid legal services with a network of more than 6,900 independent provider attorneys across the U.S. and Canada. LegalShield has over 1.5 million members already.
Another household name is LegalZoom which has been around for 15 years. Of course, do your research to determine if the service is right for you.
It’s easy to make excuses as new entrepreneurs and startups. Being proactive and resourceful are two key skill sets.
I personally use and recommend LegalShield. To sign up or review plans visit: https://thedealmaker.wearelegalshield.com
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