When you are getting dressed and want to keep your pants from falling down, you could choose to wear a belt or suspenders...but if you want to be really sure you could wear both, right?  That way, if your belt fails, you have your suspenders and vice-versa.  

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Much like in this real life scenario, lawyers use the phrase "belt and suspenders" to describe a situation where a legal step or precaution is being taken to take extra care to make sure the client is protected in case another action fails.  What better name for a blog designed to help its readers do just that?  Afterall, both in law and fashion, using a belt and suspenders approach is the best way to CYA (cover your "assets.")