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Reply to "Is $5 - $7K to have a will drafted and trust established reasonable? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I never knew that some people get legal plans as a job perk. It never ceases to amaze how rich people don't have to pay for things they could well afford and poor people have to pay out of their pocket for all such services. For example, when I worked at an elite hospital in NYC, the children of clinical department chairs got free college tuition, no matter where they went to college. As the child of a blue collar worker, I was confused by that. You know those people would have gone to college regardless. The janitor's kid needed free tuition. Now I know how the world works.[/quote] I can tell you that many of the attorneys that participate in these plans are not very good and you would not want to use them for any matters of significance. Some of them are decent attorneys that have figured out how to work the MetLife system efficiently to supplement an existing law practice but the reimbursement rates are not nearly enough to build a practice around it. Also, with the exception of wills, most of the services provided are of extremely limited scope and are of limited value. I think the service is fine for most people that just need a basic will (testamentary trust was not covered by Metlife for me and cost extra) but if you have a special situation I would not use these plans. Also, at least at my place, these plans are not employer subsidized so these companies are selling a product on which they generate profits. Some of these plans are available for regular consumers as well, not just through employers.[/quote] I tried using a plan and was referred to a sole practitioner who did criminal defense, family law, personal injury law, and trusts and estates. I never actually contacted them because I assume any one person specializing in every thing under the sun would be terrible at everything. [/quote]
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