It should be on every person’s bucket list, but a will is usually the last thing considered. It is a tough mission because it makes people realize their mortality. Even so, a will is a document that has its advantages.
It’s a principle of financial planning that experts strongly recommend to everyone, regardless of age. Young people, especially those with young children, should look at what they will do to protect minors. The elderly have more control over how their final estate is divided. The benefits cannot be denied.
- Someone is responsible. For the will, it is required that an executor be appointed. That person has the power to ensure that a person’s last wishes are respected when distributing the estate.
- Probate trials are minimized. If you think snails are slow, look at courts to operate if there is no will involved. The final distribution of an estate is delayed by months and sometimes even years.
- Your children are protected. It is better to assign guardians in the will that have a court decide who will watch over your loved ones.
- The power of disinheritance. A will may expressly state who will not be a beneficiary.
- Eliminate legal challenges. There are challenges to the distribution of an estate’s assets; make no mistake about it. A will is a binding document that minimizes challenges.
- Gifts and donations may be included. An individual can decide which favorite charity or higher education institution receives something from the estate.
Class-law plans often provide for the creation of simple wills. Nationwide Prepaid Legal Services offers this benefit with some added attractions.
Experts and not templates
Our class action plan emphasizes establishing a relationship with an attorney. Countrywide has a national network of lawyers, and there is one practicing in every community where we have a client organization. A nationwide legal plan team member has priority status and a conference can easily be set up.
Respect is part of the prepaid legal services. Our lawyers know how difficult it is for a person to work after a simple will, and all our legal assistance shows a high degree of empathy and courtesy. A legal team member is encouraged to speak openly, and the attorney will listen carefully.
Work with the customer
We have been providing prepaid legal services to organizations of all types for over 30 years. However, experience does not mean we know everything about a potential client’s workforce. Therefore, we ask management to help us design the best possible plan for their employees.
We explain all our benefit options to the decision makers of a potential client. We expect questions and we encourage them. These executives will then decide which benefit options will be included in the final plan document. We include these, and Countrywide will administer the benefit and provide more services.
We include various other services within a group legal plan; one of these is expressly intended for the simple will option. We sent annual reminders to people who have had a Will prepared by Countrywide. In this way, an individual can update the will to reflect changes in the estate or beneficiaries. It prevents problems that may arise if the circumstances have changed, but not the will.
A simple will is not a complicated document. It is no more than six pages long, which is what most people need when deciding on property division. Nevertheless, this is an important document that every person needs to have. If you would like to learn more about our prepaid legal services and how we help our plan members, please contact us at your convenience. We believe we have something your employees will appreciate.