Daily Juice 045 – Group Legal Plan

Daily Juice 045 – Group Legal Plan

Continuing discussion about employee benefits and how to maximize your options. Today I want to talk about:

TAKING ADVANTAGE OF A GROUP LEGAL PLAN

This is a fairly new employee benefit that more companies are offering. A group legal plan provides access to a network of attorneys who provide various legal services at discounted rates.

An employee usually pays for this benefit with payroll deduction.

The No. 1 reason I like group legal plans is that you can get basic estate planning documents drafted for a reduced fee.

I highly recommend that all of my clients work with an attorney to get at least these three documents prepared:

  • A will, which outlines what to do with your property after you die.
  • A durable power of attorney for financial matters, which indicates who will make financial decisions on your behalf if you’re incapacitated.
  • An advanced health care directive, which indicates who will make medical decisions on your behalf if you’re incapacitated.

It’s time for you to check out if your employer offers this kind of benefit.

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Anna Sergunina
Anna Sergunina
anna@mainstreetplanning.com

I'm Anna Sergunina, CFP®, President & CEO at MainStreet Financial Planning, Inc. My passion lies in serving others through financial planning, helping clients achieve their dreams like buying a home, saving for education, or retiring early. With over two decades in the industry and a CFP designation since 2009, I'm dedicated to excellence and continuous growth. Beyond work, I cherish moments with my son Liam, prioritize self-care, and engage in content creation for my Money Boss Parent Podcast and Money Library blog.

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