Benefits of prepaid legal plans-444

Benefits of Pre-paid legal plans

Pre-paid legal services can be a very attractive alternative to hiring a

lawyer for many people. You should consider the importance and relative

priority of these benefits in light of your own legal needs.

So what are the benefits going pre-paid compared to conventional hire of

lawyers?

Benefit Number 1: Cost-Effective

Pre-paid legal plans can take the sting out of hiring a lawyer. Lawyers’

fees are prohibitive for most people: you can run bills of thousands of

dollars and this is simply out of reach of most working and middle-class

families.

With pre-paid plans, what you get charged is more in line with what you

pay for your health or home insurance. Plans start as low as $9 per month

and typically don’t exceed the $30 mark.

Benefit Number 2: Simplicity

There is a number of very complicated set of fees lawyers charge:

contingency fees, flat fees, statutory fees and hourly rates. In the case

of contingency and statutory fees, you have to get into the intricate

details of how these fees are computed – say for a contingency fee how

much is the lawyer’s commission? – and their regulatory nature – who

regulates the statutory fee and how do I know if these fees are in line

with regulatory guidelines?-.

The other two types of fees can be equally as complex. Increasingly,

attorneys choose to incorporate any overheads they incur, like secretarial

expenses, parking charges and travel fees into their flat and hourly fees.

They can also set a minimum number of billing units, like three tenths of

an hour (18 minutes), irrespective of how long it takes them to deal with

your problem.

This is just a sample rundown of what might influence the various fees

charged by lawyers, other factors and arrangements can apply too. Contrast

this with the simplicity in which pre-paid legal services are priced and

furnished. The process is simple and straightforward: you sign an agreement

to pay a fixed monthly fee and that’s about it. If what you’re looking for

is not covered, your plan provider will give you a prior notice of a

different billing so that you know exactly how much you will be charged.

Benefit Number 4: Pre-emptive Law

Pre-paid plans offer unlimited phone consultation and advice. This aspect

of the service can save you a lot of trouble, money and time in the

future. Most legal problems you are likely to face in your day-to-day life

can be solved if you take the necessary steps in line with the law. With

the right advice and consultation with your lawyer, you can detect legal

blunders before they occur and hence minimize the risk of litigation and

protection.

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