by Manish C. Bhatia | Apr 30, 2013 | News + Trends
On January 2, 2013, President Obama signed the American Taxpayer Relief Act of 2012 (the “ATRA”) into law. Failure to pass the new law would have resulted in a significant decrease in the estate and lifetime gift tax exemptions and a significant increase in the...
by Manish C. Bhatia | Feb 1, 2013 | News + Trends
On January 2, 2013, President Obama signed the American Taxpayer Relief Act of 2012 (the “ATRA”) into law. Failure to pass the new law would have resulted in a significant decrease in the estate and lifetime gift tax exemptions and a significant increase in the...
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 | 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...
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...