Photo of Ethan R. Okura

Estate Planning Insights – AHCD. POLST. HIPAA. – What You Need to Know

ESTATE PLANNING INSIGHTS By Ethan R. Okura One of the most important things you should do as you work on your estate planning is to authorize someone to make decisions on your behalf should you become incapacitated and can no longer make your own decisions. The person you authorize is called your agent. You can....
Photo of Ethan R. Okura

Estate Planning Issues – The Three Types of Nursing Homes

ESTATE PLANNING INSIGHTS By Ethan R. Okura Over the years, we have had hundreds of clients who have gone to nursing homes to provide for their care as they aged. Some lived full, rich, engaged lives in the nursing home until the very end. Others suffered from severe physical disabilities or dementia that prevented them....
Photo of Ethan R. Okura

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....
The Hawaii Herald Logo

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...
Photo of Ethan R. Okura

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....
Photo of Ethan R. Okura

Estate Planning Insights – Tax Filings, Payments, and Other Considerations

ESTATE PLANNING INSIGHTS By Ethan R. Okura The Hawai‘i state Legislature recently passed two bills that will affect our elderly population and their health care. One was Senate Bill 534, the Kupuna Caregivers Act; the other was House Bill 1396, Relating to Community Care Foster Family Homes. Gov. David Ige signed both bills into law.....
Photo of Ethan R. Okura

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....
Photo of Ethan R. Okura

Estate Planning – “Undue Influence” and Other Will Problems

ESTATE PLANNING INSIGHTS By Ethan R. Okura In previous columns, I have addressed the subject of financial abuse of the elderly. This usually involves outright stealing or fraud. However, there is another form of financial abuse that is subtler, harder to identify and often doesn’t show up until after the beloved family member has passed....
Photo of Ethan R. Okura

Estate Planning Insights – The Role of the Successor Trustee, Now What Am I...

ESTATE PLANNING INSIGHTS By Ethan R. Okura The following is an all too familiar scenario at our law firm: A parent, a sibling or a dear friend has finally gotten around to doing their initial estate planning. You are so happy for them. And then you find out that you have been named their “successor....

Recent Posts

Purchase Culture4Kids!

- Advertisement -