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Estate Planning – Asset Protection And Fraudulent Transfers

ESTATE PLANNING INSIGHTS By Ethan R. Okura As you probably know, the United States is one of the most litigious countries in the world, with more people suing each other than almost anywhere else in the world. There is one lawyer for every 252 citizens in the U.S., as compared to only one lawyer for....
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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 – Automobiles in Estate Planning

ESTATE PLANNING INSIGHTS By Ethan R. Okura Many of my past columns have focused on how to structure your estate plan to protect your home. I’ve discussed protecting your primary residence and other real property from probate through the use of revocable and irrevocable trusts, through joint ownership or tenants by the entirety ownership and....
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Estate Planning Insights – Tax Filings, Payments and Other Considerations

ESTATE PLANNING INSIGHTS By Ethan R. Okura Happy New Year! The following is a 2019 update on important numbers used in estate planning and Medicaid planning in Hawai‘i. How much money and property can a person have at death without paying estate taxes? At the end of 2017, Congress passed a new tax bill which....
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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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Estate Planning Insights – How Kids Can Be Oyakoko Even When They Live Away

ESTATE PLANNING INSIGHTS By Ethan R. Okura There is a term in Japanese culture — oyakökö — which means to love and care for your parents, although it is really a sentiment that is embraced universally, regardless of race. At our office, we oftentimes have clients who raised their families here in Hawai‘i and then....
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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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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 – Applying for Long Term Care Medicaid on Your Own?

ESTATE PLANNING INSIGHTS By Ethan R. Okura In 1965, President Lyndon B. Johnson signed the Social Security Act into law, which included two programs we often hear about in the news: Medicaid (Title XIX) and Medicare (Title XVIII). Medicaid is a joint federal-state program that pays the medical costs of those with limited resources. It....
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Estate Planning Insights – Fraudulent Student Loans and Identity Theft

Ethan R. Okura Hawai‘i Herald Columnist Sometimes you can do everything right, but still have everything go horribly wrong. Sometimes you do nothing at all and still have everything go very wrong. In the United States, you are innocent until proven guilty, except when it comes to fraudulent student loans that are taken out in....

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