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 | Jan 2, 2012 | News + Trends
Over the past decade, transfer tax exemptions, rates and planning opportunities have varied from year to year due to nearly annual changes in the laws. As the calendar turns to the new year, it is important to take a look at what Federal and Illinois legislatures...
by Manish C. Bhatia | Dec 1, 2011 | News + Trends
Some questions regarding Estate Planning are unique and based on specific family situations, but many are common questions that arise from misconceptions regarding Estate Planning. Below, you will find the top five questions that I receive from clients, along with a...
by Manish C. Bhatia | Nov 3, 2011 | News + Trends
As the end of the calendar year approaches, it is important to take advantage of the annual Gift Tax exemption, which expires on December 31st and cannot be carried forward. If you are making gifts directly to your beneficiaries, it is crucial that such gifts be made...
by Manish C. Bhatia | Nov 3, 2011 | News + Trends
It seems outrageous that the estate of one of the wealthiest men in the world, with an estimated net worth of $7 billion,1 likely will not owe any estate tax, but your estate might receive a hefty tax bill from your State and Federal governments. However, this is not...
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...
