by Manish C. Bhatia | Jul 1, 2011 | News + Trends
An issue that arises when gifting specific property by Will or Trust is whether the beneficiary is entitled to anything if the property is sold prior to the giftor’s death. The doctrine of “ademption” provides that a bequest may only be satisfied with the specific...
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 | Nov 1, 2010 | News + Trends
A recent decision emphasizes the importance of recognizing the named beneficiaries of your accounts and policies and updating them as necessary in a timely manner. In Northwestern Mutual Life Insurance Co. v. Rafi (October 19, 2010), a father had purchased two life...
by Manish C. Bhatia | Oct 1, 2010 | News + Trends
A common question from clients is whether and when their existing Estate Planning documents should be reviewed. In the past, the answer was simple—documents should be reviewed when there is a significant change in your family or financial situation, but at least...
