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 | 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
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...
by Manish C. Bhatia | Aug 1, 2011 | News + Trends
The Gift Tax was first enacted in 1924 to prevent individuals from making deathbed gifts in order to avoid the Estate Tax. Today, there is $13,000 annual exemption from the Gift Tax which allows any individual to give any other individual up to $13,000 per year...
by Manish C. Bhatia | Jul 1, 2011 | News + Trends
As discussed in the January 2011 Newsletter, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the “Act”) applies to the estates of decedents through 2012. As a first step towards progress beyond 2012, President Obama’s proposed...
