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Estate Planning Insights – Is Medicaid Going Away?

ESTATE PLANNING INSIGHTS By Ethan R. Okura There have been many political changes in the federal government over the past year. With a Republican president in office and a Republican majority in the Congress, some people are concerned about possibly losing the expanded health care benefits that were provided for in the Affordable Care Act,....
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Summer Tax Savings

Having just enjoyed the 4th of July weekend just about a month ago, one thing is certain: Summer is here! I don’t know where all the time is going, but 2014 is flying by...
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Estate Planning Insights – Estate Planning Update for 2020

Ethan R. Okura Hawai‘i Herald Columnist Happy New Year! The start of a new year often brings changes in state and federal laws that could affect your estate and Medicaid planning. The following is the 2020 update of important numbers to be aware of as you go about your planning. • How much money and property....
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Estate Planning Insights – Post-Coronavirus Estate Plan Updates

Ethan R. Okura Hawai‘i Herald Columnist At the time of this writing, it has been only six weeks since Governor Ige’s stay-at-home order went into effect. And yet, somehow, it feels like it has been going on for months. The world feels like a different place. Daily life has been disrupted for most people, and....
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Estate Planning – More on International Estate Planning

Ethan R. Okura Hawai‘i Herald Columnist In last month’s column, I introduced you to the basics of international estate planning. I explained the Internal Revenue Service’s definitions of a U.S. citizen, a non-resident alien and a resident alien. The definition of a resident alien is different for income tax purposes and for gift and estate....

THE NEW POWER OF ATTORNEY LAW

Photo Credit: HawaiiReporter.com On April 17, Gov. Neil Abercrombie signed into law the new Uniform Power of Attorney Act. It may be somewhat confusing to people because Hawai‘i already had a law allowing powers of...
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Estate Planning – An Ethical Will, The Importance of Passing On Your Assets and...

ESTATE PLANNING INSIGHTS By Ethan R. Okura Are you familiar with the proverb, “Shirtsleeves to Shirtsleeves in Three Generations?” Or maybe you’ve heard the saying as: “Rags to Riches to Rags in Three Generations.” The ancient Chinese version of this proverb is Fu bu guo san dai, which roughly translates to, “Wealth does not sustain....
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Estate Planning Insights – Hawaii Real Property Tax Exemptions

ESTATE PLANNING BY Carroll D. Dortch Carroll (Cary) D. Dortch received his doctor of jurisprudence degree from the University of New Hampshire School of Law. Did you know that there are some exemptions that you can employ to save on your property taxes in Hawai‘i? One of the most commonly used exemptions is the real....
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Estate Planning Insights – Controlling Your Assets From The Grave

Carroll D. Dortch Guest Columnist, Okura & Associates One of the best ways to protect the assets that you give to your children is by using a generation-skipping, transfer tax-exempt trust. These are often referred to...
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Estate Planning Insights – Aretha Franklin Follows in Prince’s Footsteps

ESTATE PLANNING INSIGHTS By Ethan R. Okura Just over two years ago, I wrote a column about Prince, the musical legend, and how he passed away without a will. I detailed some of the problems that his estate would face — and continues to face to this day — because he did not adequately prepare....

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