by Manish C. Bhatia | Jul 1, 2012 | News + Trends
With the lifetime Gift Tax exemption at the highest it has ever been ($5,120,000 in 2012)1 and Gift Tax rates (capped at 35% in 2012) and Applicable Federal Rates being historically low, 2012 is a perfect storm of gifting opportunity for anyone who is in a position to...
by Manish C. Bhatia | Jun 1, 2012 | News + Trends
On December 17, 2008, Dianne Edwards (“Edwards”) was choked to death. Edwards’ Will, which was admitted to probate on October 5, 2009, named her daughter, Deanna Palladino (“Deanna”), as the sole beneficiary of Edwards’ estate, which consisted mainly of Edwards’...
by Manish C. Bhatia | May 29, 2012 | News + Trends
Great article on financial planning for same-sex couples in InvestmentNews (excerpt below): http://www.investmentnews.com/article/20120527/REG/305279997 Even in states such as Illinois, which grants partners in a civil union many of the rights traditionally reserved...
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 | Apr 2, 2012 | News + Trends
Celebrity estate plans are often the subject of much discussion and speculation with regard to the decedents’ relationships and mentality. Whitney Houston’s estate will likely be no different. Houston, who died on February 11, 2012, left only a Will, filed in Fulton...
by Manish C. Bhatia | Mar 1, 2012 | News + Trends
Joint accounts are often used as a simple way to give a caretaker access to the account to pay the bills of someone who is unable to do so. It seems simple enough—mom cannot make trips to the bank or keep up with paying her bills, so she will add her daughter on the...
