Why important to review and monitor your portfolio?
As an investor, you need to consider the risks of you chosen investment and how to manage them. Before you invest, you should study the market and do a due diligence for your acquisition. After investing, you should continue to monitor the market for changes which will impact your investments.
What happens when things go wrong to your expectations and worse still, losing money. In all these cases, we’ve found it’s often the result of :
Establish an entry and exit strategy
It is important to establish an entry and exit strategy based on your financial capabilities. Some investors can adapt a buy and hold strategy while others may have a shorter term plan due to limited resources such as more capital. Discuss this with your consultant.
How FIRST LEAD assist?
FIRST LEAD can assist to create a Property Portfolio Tracker. Ask your consultant for more information.
Preserving your Portfolio
Have A Local Will
Firstly, a well-drafted will in Malaysia/Singapore will probably cover the Malaysia/Singapore assets/estate whilst the clients reside in Malaysia/Singapore, because most of your assets and interests will still be in Malaysia/Singapore.
As you move overseas and purchase assets there, you need to think seriously about making a second, local will in the host country.
In the estate planning context, one of the most fundamental questions we need to resolve is whether to have one will dealing with the client’s worldwide assets or to have multiple wills dealing with each jurisdiction. FIRST LEAD recommend that clients who have overseas assets should have wills dealing with each local jurisdiction. It is impossible for estate planners to be familiar with the legal systems of overseas jurisdictions, and as such, it is impossible to properly plan for assets in overseas jurisdiction.
No Delay in Administration of Estate
Secondly, where there are two separate wills, one dealing with assets in the forum and the other with assets abroad, the executors may obtain probate in each jurisdiction independently of the other. Therefore, they may simultaneously apply for probate and therefore reduce delay in the administration of the estate. If a testator/testatrix only has one will his/her executors must obtain probate in one jurisdiction and then a re-seal or another grant in the other.
The 4-Steps Process
Understanding what you want
Matching your investment objective
with the right property