Month: November 2017

A Match Made In Heaven?

Why would a 38 year old NYSE company like Prepaid Legal Services, Inc hook up with a brand new internet start-up company like the Blastoff Network, the internet equivalent to a Home Shopping Network?

An Overview Of The Leading PrePaid Legal Services Provider

The inspiration behind the founding of this 38 year old NYSE company known as PrePaid Legal Services, Inc was a car wreck involving Harland Stonecipher back in 1969. While the other driver was determined to be the cause of the accident, she none-the-less initiated a frivalous lawsuit against Stonecipher that cost him thousands in self-defense legal fees.

Mr Stonecipher had car insurance and health insurance which covered all related expenses but the legal fees to defend himself from a baseless lawsuit which he ultimately won, were all put-of-pocket expenses for Stonecipher and left him nearly broke and searching for some type of legal coverage that would have minimized those expenses as well.

With no existing providers of legal expense coverage, Stonecipher decided he would start his own company that would provide individuals with an insurance-like product that would help individuals with some reimbursing of designated legal expense costs. Today, Pre-Paid is a public company traded on the New York Stock Exchange and advertises 1.5 million members all owners of Pre-Paids legal expense and/or identity theft plan making Pre-Paid the undisputed leader in the legal services industry!

So what is it that would inspire a unique and largely successful company like Pre-Paid Legal to combine forces with an internet startup like the BlastOff Network?

The Answer May Lie In Blastoff And Its Marketing Strategy

The idea for the Blastoff Network came from William Rodgers, Scott Berman and Adam Smith whose combined vision it is to provide Blastoff members with a cash-back online shopping experience involving over four hundred internet merchants like iTunes, Macy, Southwest Airlines, Best-Buy and hundreds more. Blastoff members can build a network by inviting people to join them in the Blastoff experience where they too can share in savings and cash rebates from shopping online.

According to Harland Stonecipher, CEO/Chairman of the Board/President/Director of Pre-Paid Legal, “When you combine the rewards-based, ‘viral’ nature of the Blastoff platform with the large, well-developed and powerful direct selling organization of Pre-Paid Legal Services, it’s a combination that offers incredible potential.”

The partnership of Prepaid Legal and the Blastoff Network provides Prepaid with a link on the Blastoff homepage advertising Prepaids legal expense plan membership where anyone can sign up to become a member and owner of a Prepaid Legal membership plan.

How Much Does Prepaid Legal Stand To Gain?

That being the case, it’s not hard to understand why Pre-Paid Legal has struck an

million member mark? We’ll see! After all, it is all about exposure! Whoever can deliver their product to greatest number of consumers at the least cost wins! And Pre-Paid just might be a big winner in this game but only if its sales force is motivated enough to push existing sales way beyond where they are now, namely the 1.5 million member mark! Time will tell!

Show Me The Money!

I guess what all the associates with PrePaid need to be asking is whether or not they will be able to create an income stream from Blastoff without any significant effort or involvement on their part?

The real money will be made by savvy Prepaid Legal representatives who take advantage of the Blastoff website to drive traffic to it with the idea of exposing someone new to the PPL membership link and then following up with them to get them signed up as a new member. As always, the fortune is still in the followup!

Network Marketers Are Already Best At Viral Marketing

The Network Marketing profession has always be one of hype and exaggeration my opinion. Not that hype and exaggeration are not present in other industries or businesses but they seem to be a staple in MLM. Sorting thru the hype and having some real down-to-earth expectations of the effects of viral marketing will go a long ways towards producing solid and lasting results with Prepaid Legal and the Blastoff Network.

Check out my most recent piece on viral marketing, Viral Marketing Puts MLM On Autopilot! to learn more about how Attraction Marketing and Social Media can add value to your marketing strategies, click on the link at the bottom.

The legal system of today has become very strict nowadays. People are become more and more responsible and aware about the legal system. With the increase of legal awareness, there is an increase in the law firms and lawyers as well. To represent a legal case, it is necessary that a person hires the best legal attorney. People must know everything about the legal rights as at any time they can find themselves in any type of problem. One must have a responsible person with whom one can discuss their legal matters. There are many types of lawyers which are there in the society. The main types of cases are civil cases, criminal cases, employment cases, immigration cases, family cases etc. A person should rely on a knowledgeable person for these types of cases. There are many law firms which have recently come into existence in every region. This is because of the legal system being so severe that people have to hire the best lawyer who can handle every case.

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People who are filing the case and people who are in the opponent party have to hire a lawyer who can speak from their perspective. If a person is under a criminal case, then he should become more aware about choosing the legal advisor. Only an experienced criminal lawyer would help you out in coming out from legal troubles. To ensure maximum satisfaction, one should research for the best law firm in the region. A good law firm would be able to decide that which lawyer would be best for your case. They would help you in selecting a proficient lawyer who can handle every situation and helps you in coming out as a winner. This will benefit the case as a professional service provider is experienced and would be able to handle your case well.

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Estate planning represents the best way of protecting your assets from the whims of financially irresponsible relatives, excessive government taxation, and dissolution of your assets by the normal laws of succession in the state or country concerned.

When people think of Estate Planning, they generally think of legal wills. Estate planning is not just a will, although it does involve writing one. Rather, it’s a series of legal steps that involves allowing your beneficiaries to avoid probate and minimize the taxes incurred, and for you to write a living will in which you nominate trusted associates who would assume power of attorney and executor status should you be incapacitated or die. Estate planning also allows you more direct control over how your assets will be treated when you’re gone.

One of the most important parts of any estate plan are measures to avoid too much of the estate’s worth being lost to taxes. In the United State and abroad, dying can attract a number of specific taxes from both State and Federal governments, like death tax and estate tax. The simplest way to minimize estate tax is to name recipients of funds or assets from your estate in your legal will, specifying that a certain amount should be given as a gift. Provided your lifetime tax-free gift threshold of $1 million is not exceeded, these portions cannot attract any taxation.

An important part of any estate plan is the inclusion of a living will. A living will is not usually considered a legally binding document, however, it is given consideration if you are ever incapacitated and left unable to carry out your legal rights, or make decisions. While the living will itself may not carry much weight, you can nominate someone to assume your enduring power of attorney (EPA). If you are unable to exercise the living will as a legally binding decision, your enduring power of attorney can only be challenged by a court.

The will itself is the most important part of any estate plan. If you should die without writing a will, the specific laws of your state will determine how your assets will be divided following probate. Additionally, with no prior planning of where the assets should go on the event of your death, your estate is likely to be taxed the maximum possible amount. Where no will is present, the spouse is likely to keep one third of the value of the estate with the remainder to be distributed evenly among children.

An estate plan enables you to stipulate, for instance, that if your children receive an inheritance, the property is given to them personally and not, for example, to the child’s spouse. Should your child ever divorce, then the value of any inheritance received would not have to be shared in any divorce settlement, as it would not be a shared asset of that marriage.

One of the more important aspects of estate planning is the protection it can provide your assets. Typically, after a person passes away their family sells the assets that were left to them and divides the proceeds among themselves. If, however, you have a company or significant property holdings, you may wish to prevent the breakup of any of these assets, judging them to have more value whole compared with their value after being broken up.

Estate planning allows very specific instructions for how such assets should be treated if you wish to prevent this asset division from happening. For example, you can specify in your will that you require that your business be run by a family trust whose members and membership requirements you specify. It is not uncommon for people to wish to leave behind some legacy when they’ve gone, and the establishment of a family trust to ensure your assets are managed properly by a family member is a good way of ensuring it.

Another common request made is for a trust fund to be established as a scholarship fund or similar. Again, with a proper estate plan, it is possible for a benefactor to specify who a scholarship fund is for, and who is allowed to sit on any board or committee it relies on to pick a recipient.

Estate planning is the method by which specific instructions may be given in advance on how to manage your affairs should you become incapacitated or die. Estate planning represents the best way of protecting your assets from the whims of financially irresponsible relatives, excessive government taxation, and dissolution of your assets by the normal laws of succession in the state or country concerned.

** About the author :

To avoid the costly probate process, have your questions and concerns addressed. Melcher’s Law firm has over 30 years experience in wills, trusts, estate planning, and probate administration. http://www.melcherslawfirm.com

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