by Manish C. Bhatia | Apr 28, 2011 | News + Trends
Keeping trust assets out of probate is a benefit that not only reduces legal fees for the estate but also expedites the distribution of assets to beneficiaries. An additional benefit that may apply to you is that placing out-of state property into your Revocable...
by Manish C. Bhatia | Mar 31, 2011 | News + Trends
One of the benefits of Estate Planning is that it forces people to organize their assets, often realizing that they have additional planning needs or that they overlooked a significant detail that may have serious tax consequences. One such detail may be that the...
by Manish C. Bhatia | Feb 28, 2011 | News + Trends
The thought of your children having to grow up without their parents is, of course, a grim and terrifying notion, but proper planning can provide great peace of mind as well as efficient personal and financial care for your loved ones. Below, you will find a brief...
by Manish C. Bhatia | Feb 28, 2011 | News + Trends
On January 31, Governor Pat Quinn signed into law the Illinois Religious Freedom Protection and Civil Union Act (the “Act”), effective June 1, 2011, which recognizes the members of a civil union in Illinois as having the same rights as the members of a “spousal...
by Manish C. Bhatia | Jan 31, 2011 | News + Trends
On January 13th, Illinois Governor Pat Quinn signed into law the Taxpayer Accountability and Budget Stabilization Act (the “Act”)—legislation that received significant national attention due to the 66% increase in state income tax. However, the Act also addressed the...
by Manish C. Bhatia | Jan 30, 2011 | News + Trends
Mark Madoff, son of the infamous “Ponzi” schemer Bernie Madoff, executed a Will in late 2007. According to the New York Post, the Will set aside assets in trust for Mark’s two children from a previous marriage and his daughter from his current marriage and left the...
