by Manish C. Bhatia | Jan 1, 2013 | News + Trends
The turning of the calendar presents a great opportunity to evaluate whether your financial affairs are in order. If you do not have an estate plan, it is a good time to resolve to meet with an estate planning specialist immediately. If you do have an estate plan in...
by Manish C. Bhatia | Dec 3, 2012 | News + Trends
A financial planner ideally serves as a client’s “financial quarterback,” advising and educating the client on all financial topics and making sure that the client is making the most of their money while also being protected against risk and liability. One of the...
by Manish C. Bhatia | Oct 31, 2012 | News + Trends
On August 10, 2012, Governor Pat Quinn signed the Illinois Directed Trust Statute (HB 4663) into law. It will become effective on January 1, 2013. Generally, a trustee of an Illinois trust is personally liable for any loss due to a violation of his or her duties,...
by Manish C. Bhatia | Oct 31, 2012 | News + Trends
A trust provision that typically grabs a client’s attention is the one that entitles trustees to be compensated for their service. Often, the reader will imagine the trust being drained by trustee fees, leaving nothing for the beneficiaries. However, removing the...
by Manish C. Bhatia | Sep 30, 2012 | News + Trends
The annual gift tax exclusion is an amount that an individual can give to as many other individuals as he or she desires in a given year without incurring any gift tax liability.1 On January 1st, the exclusion resets and the individual can make additional gifts. The...
