Saturday, October 17, 2009

What would happen if something suddenly happened to you

Who Will Take Care of Your Favorite Things?
Do you have an heirloom that you want to keep in the family? Are you a pet owner? What would happen to your favorite things if something suddenly happened to you?
These can be thought-provoking questions to ask during discussions with prospective members. Are they wondering how the benefits of Pre-Paid Legal plans are relevant to their lives when it comes to taking care of their treasured pets, people, places and things?
You can remind them that if they don’t have an executed Will, according to the American Bar Association (ABA), a state’s law of descent and distribution can determine who receives the property by default, meaning items may not end up with a recipient of their choosing.
An executed Will provides for the desired distribution of property at the time of the owner’s death. This is subject to the forced headship laws of some states that prevent disinheriting a spouse and in some cases, children. A Will cannot govern the disposition of properties that pass outside a probated estate (such as certain joint property, life insurance, retirement plans and employee death benefits) unless they are payable to the deceased person’s estate.
As you can see, creating and finalizing a Will can be confusing and complicated. The preparation of a Will by a qualified attorney - instead of depending on an office supply store kit or a forms website - can be extremely beneficial and make the process understandable.
If your prospective member has children, in addition to letting any final wishes be known, there are other objectives that can be accomplished in a Will. The person can designate a guardian for any minor child(ren) if he or she has survived the other parent and potentially eliminate the need for bonds and supervision by the court regarding the care of each minor child’s estate. Guardianship of a beloved pet can also be decided in a Will.
Finally, you can remind them that a Pre-Paid Legal membership includes preparation of a Will and an annual review at no additional cost. A spouse can have a Will prepared for a small additional cost.
Our Provider Law Firms are ready to help ensure a Pre-Paid Legal member’s final wishes are both seen and heard. It’s a valuable resource no one should live without.

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