Estate Planning Attorney

This is especially true when the economy undergoes a shift, as is happening now. Check your asset allocation . If stocks are taking a dive, for example, you may consider adding real estate investments into your portfolio mix to offset some of the volatility. Then figure out which investments will do the best job of meeting your asset allocation goals and whether your current investments still fit that profile. Rebalance your portfolio Periodically rebalancing your portfolio ensures that youre not carrying too much risk or wasting your investment dollars on securities that arent generating a decent rate of return. It also makes sure that your current portfolio reflects your investment strategy (changes in the market often cause a shift that needs to be corrected to maintain the diversification you originally planned) Look at which asset classes you have in your portfolio and where the gaps are. If necessary, refocus your investments to even things out. Consider the costs of managing your portfolio and decide whether its time to try a robo-advisor or other strategy to cut them. Tackle end-of-year tax planning for investments While youre looking over your portfolio and rebalancing, dont forget to factor in how selling off assets may affect your tax liability .

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It should contain the exact responsibilities you are granting the recipient. Rebuttable Presumption: A presumption of fact, which is accepted by a court of law, until it is proved to the contrary. Be on the lookout for properties being auctioned. It can be an action or an inaction. Murder: One of the most serious crimes, murder can be defined as the intentional and unlawful killing of one person by another, without any legal justification or provocation. Ron has a property adjacent to that of Harry. Adultery: The term which denotes voluntary sexual intercourse of a married person with a man/women, other than the spouse. Mandamus: The name of a writ in Latin, which means 'we command'. Sentence: A punishment given to an accused person, who has been convicted of a crime. Grace Period: The period beyond a particular date, during which a debtor not paying his debt will not be charged a fee. This mechanism is mainly used for the service of process, and for taking evidence. The divorce jurisdiction of a foreign court depends solely upon the domicile of the parties. It also refers to failure of a payment that is due.

Such acts are done in violation of international laws, treaties and practices regarding military conflict between countries. Hazard Insurance: An insurance policy that protects against physical damage to the property caused by unexpected and sudden events such as fire or storms. Along with that, if the asset is a foreign one, then the policies of that country need to be kept in mind. Abandonment: The voluntary relinquishment of a right by express words or by action. Will: A legal term with different meanings as per the context. This right terminates on the death of the holder, who is called a life tenant.