Prepaid legal services are legitimate services that registered companies offer, according to Nolo. Many prepaid legal services have a number of restrictions and fine-print conditions that limit their cost-effectiveness.
Purveyors of prepaid legal services offer service packages with very low fees, which are sometimes as low as $100 per year, says Nolo. Most of these lower-priced plans only include a few services, such as a couple of legal consultations or a simple will preparation. For most other legal services, members have to pay additional fees. Self-insuring with an emergency fund is typically more practical than paying $300 per year for prepaid legal services, says financial author Dave Ramsay writing on Christian Broadcasting Network.