Human beings are social creatures. Establishing connections with the people around us is written in our DNA. Indeed, we need each for a variety of reasons. First of all, it’s a matter of survival of the species, as biologists would describe our most fundamental desire to start a family. But, more importantly, relationships generate the emotional connection and approval we need. Indeed, we find huge support in the presence of others. Therefore, relationships become a priority in our lives. We crave for a meaningful relationship that can give us a purpose. As such, we become the girlfriend, the fiancee, the bride, the wife, the mother, etc. We need all these titles in our lives, like an amnesiac searching for an identity. Indeed, as we define our emotional path, we also build our social status and self-esteem.
Therefore, it can seem odd to claim that relationships can’t grow safely without legal work. Indeed, in a world of emotional symbiosis, paperwork and solicitors’ advice are the last thing you’d want to add. However, they play a significant role in protecting your interests and the interests of your family. Indeed, a relationship is not without consequences. It affects you, your partner, and even your children. In every step of your life, protecting those you cherish is a priority, and that’s precisely why you should consider putting a legal twist on all your significant relationships.
Can you trust your partner?
You love each other dearly and, therefore, you can’t imagine spending a day apart from each other. Why wait any longer when you could get married in a matter of days? However, while you may be enthusiastic and in love, it doesn’t mean you should throw all caution to the wind. If you’ve got substantial assets on your own, such as a house or even a large inheritance coming your way, legal experts advise signing a prenuptial agreement. Indeed, prenuptials serve one purpose only; they protect your assets in the event of a separation. For a young couple, considering a divorce is the last thing on your mind as you’re still going through life with butterflies in your tummy. However, butterflies don’t fly forever. There might be one day in the near or far future when you realize that the excitement of the beginning has died out. Sorting out a fair prenuptial agreement ensures that you can keep what was yours before the wedding while remaining fair to your partner. This will include expected assets too, such as inheritance to come. But more importantly, a prenup is always done in a state of fairness, ensuring that both parties remain protected adequately while protecting the assets of each.
There’s more to breakup than heartache
Nobody likes to imagine that things could end. But sometimes, they unfortunately do. Not all couples who go through a divorce develop bitter feuds. Many can remain on friendly terms, even if the sparks of love are long gone. However, whether you can have an honest and amiable conversation with your ex-spouse or you are unable to stand their presence in the room, you need to arrange the separation with the support of professional lawyers. According to thetexasdivorcelawyer.com, divorces can be complicated and painful at the best of times. Working closely with an experienced attorney can not only ease the process but also ensure that you and your family are protected every step of the way. Indeed, when a relationship comes to an end, you need to divide what you’ve built together to move forward. It can include shared properties, your lifestyle, and the custody of your children and pets. Even couples who can still discuss the situation in cordial terms know that, for the sake of fairness, legal advisors are necessary to the finalization of the divorce.
Protecting your family is a constant worry
Don’t be fooled into thinking that a happy relationship spares you from seeking legal advice. On the contrary, planning for the worst-case scenario can save you a lot of issues. Why should you have the worst-case scenario in mind when everything is okay? Because life, unfortunately, can be full of nasty surprises. Therefore, it’s a good idea to work closely with a consultant to figure out how you can provide for your family in the event of your unexpected death. Most people worry about taking life insurance, but it offers the financial protection your loved ones need. Ultimately, you don’t want your children to become homeless because they can’t afford to live in your home anymore. If you are still repaying your mortgage loan or if you’re struggling with debts, the best thing you can do for your family is to protect them from the possible repercussions of these.
Even your career choice affects your family
Not everybody is happy to work in an office environment. More and more professionals have embraced a freelancing career in an effort to explore their passion and generate regular income. However, freelancing can be a challenging career path in which sickness means losing money – while most employees are covered through the work group insurance. According to iotalents.com, one of the worries that freelancers face is the lack of income protection in the case of an injury or an illness. How are you to support your family when you can’t work? Therefore, if you’ve chosen an independent career, you need to research the most suitable income protection cover for your situation. When you’re unable to work as a result of a health condition, you don’t get paid. Your insurance cover can act as a safeguard when you need it.
The question you don’t want to ask: What happens when you die?
Taking life insurance ensures that your debts are cared for and that your family doesn’t need to worry about maintaining their lifestyle. But life insurance can’t sort out what will happen to your assets once you’ve passed. Indeed, asset division and sharing can be a source of conflicts and worries if you don’t write a will. Your will ensures that assets can be distributed according to your wishes and that all administrative duties are managed, from your funeral arrangements to the care of your children.
Paperwork and relationships may not seem like a match made in heaven, but they actually belong together. Indeed, with the relevant legal advice, you can plan for most situations, ensuring that your interests and your family are protected through life. Regardless which sour lemons life throws at you, you’re ready to tackle them.
About Money & Mimosas: Money & Mimosas was started as a passion project by Danetha, a former NFL cheerleader turned entrepreneur and financial journalist. After a brunch conversation with girlfriends, Danetha was inspired to launch a blog to explore her journey of becoming rich, sexy and confident.