Before an eventual loss ofIn order to move forward and recover, it is also necessary to grieve for the heritage. Relying on an expert, rearranging finances and having confidence to overcome this adversity are some key tips.
What is meant by personal assets? This is the set of assets and accounts that belong to an individual and which can be used immediately, provided that they are not held in a bank plan for a defined period. The greater the assets of a person, the easier it is for them to meet new financial obligations or responsibilities.
Losing a property, a car or any material item brings with it grief due to the investment of time, effort and dedication that it takes to obtain them. That is why, when faced with the loss of assets, “it is also necessary to go through sadness, through grief, if the body feels that way,” says the psychologist. Cristina Noya— because losing implies making a change and the body has to adapt to the change through grieving.”
The loss of assets can occur for various reasons, including: a natural disaster, fraud or deception, liquidation of the marital partnership or business debts in the event that the person is the director of a company and it is unable to respond.
How to deal with this situation of asset loss?
The first thing to understand is that it is a form of grief and, like any process of this type, says psychiatrist Elisabeth Kübler-Ross, it has stages: denial, anger, bargaining, depression and acceptance. Each of these stages takes a specific amount of time for each individual.
If your assets are at risk due to a business issue, it is important to take out liability insurance to protect against administrative or employee errors; personal assets are linked to business activity and may be affected.
Protecting assets in the liquidation of a marital partnership is a point to consider. In this case, Gonzalo Gómez Betancourt, Director of Executive Education Inalde Business School, recommends the use of a marriage contract. These can be made beforehand or at any time during the marriage. Basically, it is a contract entered into by the couple, in which it is stated that both parties wish to incorporate or exclude from the marital partnership the assets they owned before getting married.
When the loss of assets occurs abruptly and unexpectedly, it is important to turn to the support network that each person has. According to psychotherapist Miriam Castrejón, having the certainty of unconditional support is essential to recover from the setback.
Along the same lines, it is important to rely on a professional to help manage the loss of assets. Each person reacts in a particular way to certain difficult events, but in general this support is necessary to better process this complicated moment.
Finally, it is important to develop resilience, the ability to adapt and overcome adversity. According to the document 'The path to resilience' of the American Psychological AssociationCrises cannot be seen as insurmountable obstacles. It is not possible to prevent stressful events from occurring, but it is possible to change the way in which they are interpreted and reacted to.
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