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Estate Planning Insights – The Proposed Federal Tax Changes

ESTATE PLANNING INSIGHTS By Ethan R. Okura and Carroll Dortch On Nov. 2, the proposed Tax Cuts and Jobs Act of 2017 was released to the public. The Republican-sponsored bill introduced by the U.S. House of Representatives is intended to simplify America’s tax code. It offers many changes, which we will review in this column.....
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‘Tis the Season of Giving

ESTATE PLANNING INSIGHTS By Ethan R. Okura and Carroll Dortch From the American tradition of a big Thanksgiving feast to the various religious celebrations at this time of year, gifts and sharing with others are what make this holiday season so special. Unfortunately, many people are not aware that there can be unintended negative consequences....
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Estate Planning Insights – Finding the Best Nursing Home in Hawaii For Yourself

ESTATE PLANNING INSIGHTS By Ethan R. Okura In last month’s column, I discussed the different types of nursing homes and long-term care facilities available in Hawai‘i. We covered ARCH, adult foster homes and nursing homes. Although we did not discuss them, there are also assisted living facilities, which are an important component of elder care.....
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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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Estate Planning Insights – Hawaii Enacts Death with Dignity Law

ESTATE PLANNING INSIGHTS By Ethan R. Okura Last month, the Hawai‘i Legislature passed a bill that gives terminally ill patients the option of taking prescription medication that will cause them to pass away peacefully in their sleep. On April 5, Gov. David Ige signed House Bill 2739, the “Our Choice, Our Care Act,” signed into....
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Estate Planning Insights – Inside the Tax Cuts and Jobs Act

ESTATE PLANNING INSIGHTS By Ethan R. Okura In last November’s column, I wrote about the then-proposed federal Tax Cuts and Jobs Act. There were quite a few changes in the proposed legislation, which left many people in a state of confusion as the bill went through several revisions before finally being passed into law. Many....
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Estate Planning Insights – Retirement Savings and New Contribution Limits

ESTATE PLANNING INSIGHTS By Ethan R. Okura There’s no question about it: Saving for retirement is not easy. There are quite a few types of retirement accounts. Each has its own rules and tax benefits, although, for the most part, they tend to be similar. The amounts you can contribute, however, vary from plan to....
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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 Update for 2018

ESTATE PLANNING INSIGHTS By Ethan R. Okura Happy New Year! The following is the 2018 update of important numbers used in estate planning and Medicaid planning in Hawai‘i. How much money and property can a person have at the time of death without paying estate taxes? At the end of 2017, Congress passed a new....

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