Areas of Practice
Your Estate Planning Goals
By : Manish Bhatia | Category : Uncategorized | No Comments
3rd Dec 2018
> Estate planning is about much more than just who will receive your assets after death. > Proper estate planning can reduce the cost, time and likelihood of conflict when your assets are to be transferred to your loved ones. … more
U.S. Supreme Court Rules on Beneficiary Designation Dispute
By : Manish Bhatia | Category : Uncategorized | No Comments
4th Sep 2018
> Relying on state or federal laws to administer your estate is never advisable. > Beneficiary designations supersede the provisions of a Will or Trust. > By organizing your assets as a part of your estate planning, you can ensure … more
Estate Planning for the Single Person
By : Manish Bhatia | Category : Uncategorized | No Comments
31st May 2018
> Every legal adult should ensure that his or her wishes are clearly stated in proper estate planning documents. > Safety nets available to married individuals with children are not as reliable for single individuals. > Failing to … more
Expensive Gaps in Estate Tax Planning
By : Manish Bhatia | Category : Uncategorized | No Comments
1st Apr 2018
POWER POINTS > In an effective estate plan, both federal and state estate taxes must be considered. > Flexibility is essential to allow the trustee to maximize the available exemptions or defer estate tax liability for as long as possible. … more
2018 Estate Tax Update
By : Manish Bhatia | Category : Uncategorized | No Comments
1st Jan 2018
POWER POINTS > The Tax Cuts and Jobs Act increases the estate and gift tax exemption to $11.2 million per person in 2018. > Estate plans that are outdated or fail to consider the estate tax at the state level … more
The Empty Trust
By : Manish Bhatia | Category : Uncategorized | No Comments
1st Dec 2017
POWER POINTS > The end of the year presents a great opportunity to review your estate plan, your newly acquired assets and the funding of your Trust. > An unfunded Trust fails to take advantage of one of the greatest … more
Painless Estate Planning
By : Manish Bhatia | Category : Uncategorized | No Comments
1st Oct 2017
Creating a responsible estate plan does not have to be as painful or difficult as many people believe. As a matter of fact, the whole process can be completed within a few weeks. More importantly, once it is complete, you … more
When a Do-It-Yourself Divorce Goes Wrong
By : Manish Bhatia | Category : Uncategorized | No Comments
1st Aug 2017
> Removing the counsel of experts rarely results in decreased costs and increased efficiency. > Each asset’s characteristics must be considered carefully when being transferred, whether it is due to divorce, planned giving or death. > Integrating your advisers allows … more
The Crummey Notice Requirement – What is the Point and When is it Necessary?
By : Manish Bhatia | Category : Uncategorized | No Comments
1st May 2017
One of the primary techniques used to reduce a person’s taxable estate is making gifts during his or her life to other individuals, usually children or grandchildren, using the annual gift tax exemption ($14,000 in 2017). An individual can make … more
Decanting a Trust – What it Means and When it Should be Considered
By : Manish Bhatia | Category : Uncategorized | No Comments
2nd Apr 2017
> Is this about wine? Unfortunately, no. > What does it mean to decant a trust? Trust decanting is the process of pouring the assets of one irrevocable trust (the “original trust”) into a second irrevocable trust with more desirable … more