by Manish C. Bhatia | Jan 1, 2011 | News + Trends
With the new year, we have new legislation providing updated Estate, Gift and Generation Skipping Transfer Tax provisions affecting decedents dying between January 1, 2010, and December 31, 2012. Congress has finally given us a long-awaited answer to the question of...
by Manish C. Bhatia | Dec 1, 2010 | News + Trends
One of the primary techniques used to reduce a person’s taxable estate is for him or her to make gifts during life to other individuals, usually children or grandchildren, using the annual gift tax exemption ($14,000 in 2014). An individual can make a gift of up to...
by Manish C. Bhatia | Sep 1, 2010 | News + Trends
As the end of the year quickly approaches, it is essential to recognize the importance of planned giving and its benefits for those with taxable or rapidly growing estates. This newsletter will discuss the opportunities available to reduce your taxable estate while...
by Manish C. Bhatia | Aug 1, 2010 | News + Trends
On July 13, 2010, former New York Yankees owner, George M. Steinbrenner III, passed away, leaving behind his wife, four children and an estate estimated to be worth $1.1 billion (Forbes). Based on this estimate, Steinbrenner’s estate is potentially saving...
by Manish C. Bhatia | Jun 1, 2010 | News + Trends
In mid-May, Congress Daily reported that Congress was nearing a resolution on the estate tax debate, stating that an agreement between Senate Minority Whip Jon Kyl (R-AZ), Senate Finance Chairman Max Baucus (D-MT), Sen. Charles Grassley (D-IA) and Senate Agriculture...
