Legal Series: Growing up – things to think about with a lawyer
When you were younger, lawyers probably seemed like terrifying suited men from movies and TV shows; these days, though, you’d be lost without their legal advice and counsel…oh, how things change with time!
Lawyers are essential to helping with the ins and outs of contracts, deals, and settlements, and eventually, you will have to sit down and have a chat with your lawyer about some vital information. If you’re just venturing into the legal landscape, here are a few things to discuss in your first sit-down session.
Asset protection
Everyone has assets. Whether it’s your property, your car, or your business, you will inevitably have something of value and it’s important to protect yourself and your assets from any future problems that could arise. When you sit down with your lawyer, you will be able to discuss exactly what can be done – perhaps you will need to put your assets in a trust fund, or it may be a simple matter of checking that your name is correctly attributed to every item.
Prenuptial agreements
Another topic commonly discussed on TV, a prenuptial agreement is an option for protecting your assets from certain issues that may arise from separation or divorce. Prenuptial agreements are a great way to ensure peace of mind when it comes to the division of property and spousal support at the end of a marriage; they can also have conditions set to them (for example, you can include terms of forfeiture of your joined assets as a result of adultery). The entire business can be tricky, so make sure you talk it through thoroughly with a reputable lawyer, such as one from Watts McCray family lawyers
Wills
It may be depressing to think about, but as Yoda once said in Star Wars, “death is a natural part of life.” You need to accept that when your time comes, your family will be left with a mountain of emotions to deal with, and the last thing you want to do is leave them with a mountain of logistical work as well. Perhaps you have already written your will, or have something in mind; regardless, it’s worth a discussion with your lawyer to formalise it – your lawyer can also help point out any issues as well.
Other matters to discuss with a lawyer
Having a lawyer on your side is powerful. You can talk to them about any unfair workplace treatment, unsettling problems in your relationship, or any issues with contracts, business, or property. Make sure you choose a lawyer you can trust, and they will be helpful for many years to come.
Maria Wilcox is a writer who has formed a great friendship with her lawyer. Unfortunately, she still doesn’t get discounts off her legal bills.
