by Manish C. Bhatia | May 1, 2012 | News + Trends
Life insurance can serve many purposes. Whether you own a policy as income replacement security for your family, through your employer or as an investment asset, life insurance can be a multi-dimensional tool. However, with all of the financial planning instruments...
by Manish C. Bhatia | Feb 1, 2012 | News + Trends
It is a natural inclination to want to protect the assets that you have worked hard to obtain. There are many levels of asset protection and the proper method must be determined depending not only on the type of asset, but also on the possible source, timing and...
by Manish C. Bhatia | Nov 3, 2011 | News + Trends
The United States Tax Court has issued a stunning decision regarding the notice requirement for present interest gifts. As discussed in the December 2010 Newsletter, a present interest gift is one in which the beneficiary has an immediate, unrestricted right to the...
by Manish C. Bhatia | Dec 1, 2010 | News + Trends
In order for a gift to qualify for the annual ($13,000) or lifetime ($1 million) Gift Tax exemptions, it must be a present interest gift. A present interest gift is one in which the beneficiary has an immediate, unrestricted right to the use, benefit, and enjoyment...
by Manish C. Bhatia | Dec 1, 2010 | News + Trends
One of the primary techniques used to reduce a person’s taxable estate is for him or her to make gifts during life to other individuals, usually children or grandchildren, using the annual gift tax exemption ($14,000 in 2014). An individual can make a gift of up to...
