Are you about to take a new step in your life?
Whether you are going through a major change in your life such as a death, birth, marriage, separation, divorce or inheritance.
I recommend that you contact your notary regarding your incapacity mandate or your will, as they are the experts on these matters.
In my modest opinion,, my field of expertise is financial services, so I will list below the life events:
Here are our tips to help you get through it and meet new challenges with flying colors.
Life as a couple or birth of a child: Cohabitation is an important step in the evolution of a love relationship. To facilitate this transition and ensure your financial security, consider adapting your insurance products to your new life together.
Life insurance: Life insurance will help ensure your spouse's financial security in the event of an unfortunate event. If you don't have this coverage, consider getting it to reflect your new needs as a couple and, if you already have it, increase your coverage to avoid financial worries for your partner. Consider insuring: your child with either a life or critical illness insurance product.
Disability insurance: If you or your spouse were to become disabled due to an accident or illness, would you be able to maintain your lifestyle? Disability insurance will allow you to obtain an income that will replace your salary and thus devote all your energies to recovering your health, without financial worries.
Critical illness insurance: Paid in a lump sum, this insurance will provide you with a pre-determined amount of money, tax-free, to help you cover your financial commitments as well as the costs related to your health condition. This will allow you to focus on your recovery.
Group Insurance: If you are a member of a group insurance plan, you may want to include your spouse. By choosing a joint group insurance plan, you could save money and also change your coverage to suit your real needs. Inform your plan holder of your new situation so that they can make the necessary changes to your coverage.
In the event of your life partner's death: Please make all beneficiary changes on all your financial products including group insurance.
Buying a home: Are you looking for a dream home that will be yours and offer you freedom and peace of mind? Becoming a homeowner for the first time takes time and energy. To help you in your efforts to obtain a loan, you could choose to do business with a mortgage broker. He or she will give you the tools you need to get through the process and guide you through each step of the home buying process. Your mortgage broker will also be able to help you choose, from the wide range of mortgage products available, the one that best suits your needs and situation. Plus I work with the best there is: Gila Roy.
In the case of divorces and separations: Please consult a professional regarding your assets and any changes to be made.
If you have any questions? Please do not hesitate to contact me.
Source IA plus publications of the Chambre des notaires.