Entries by michelle

Everything You Need To Know About The New Proposed Tax Changes

Everything You Need To Know About The New Proposed Tax Changes

By

Ethan R. Okura & Carroll Dortch

On November 2, 2017, the Tax Cuts and Jobs Act was released. It is a Republican-sponsored bill from the House of Representatives that is intended to simplify the tax code. There are quite a few changes that this bill brings to the table and we’ll look at some of them here.



The change that is most relevant to estate planning is a proposal to read more

Is Medicaid Going Away?

Is Medicaid Going Away?

By

Ethan R. Okura & Carroll Dortch


There has been a lot of political changes in the federal government over the past year. With a Republican president in office and a Republican majority in Congress, some people are concerned about losing the expansion of health care benefits that the Affordable Care Act (Obamacare) provided for. Recently, one of the most frequent questions that we are asked by our clients is: Will read more

Tax Identification Numbers (September 2013)

TAX IDENTIFICATION NUMBERS

By

Ethan R. Okura


Back in June, I wrote an article on how Obamacare affects the income taxes that trusts pay.  It’s a very complicated subject (taxes always seem to be, don’t they?) and my quick summary of how it works may have left you with more questions about how trusts are taxed than you had before you read the article.  Today I’m going to explain how Tax Identification Numbers work, both for Trusts and read more

Agreement of Sale (August 2013)

AGREEMENT OF SALE

By

 Ethan R. Okura



We all know that we had a recent real estate boom and bust cycle.  From the early 2000s until around 2007 or 2008 the real estate market was going gangbusters. Prices were rising, and a lot of transactions were taking place.  The main reason for this was easy financing.  Interest rates were low and banks were handing out mortgages like candy on Halloween!  The banks were giving loans read more

How To Title Real Estate: LLC, Revocable Trust, Personal Name? (July 2013)

HOW TO TITLE REAL ESTATE:

LLC, Revocable Trust, Personal Name?

By

Ethan R. Okura

For many people—especially in Hawaii—real estate is the most valuable investment they own and the largest part of their estate.  There is so much advice and mis-information floating around about what is the best way to own real property.  Today I will talk about different entities and tenancies and how each applies to owning different types of real estate.



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How Does Income Tax Work With My Trust? (June 2013)

HOW DOES INCOME TAX WORK WITH MY TRUST?

By

 Ethan R. Okura



Last month after writing my article on Medicaid planning techniques, we received a message from a concerned client who is worried about higher income tax rates, the new 3.8% Medicare (sometimes called Obamacare) Surtax, and in light of these developments, whether a trust is still the right solution for his family’s needs. Perhaps he read a Forbes magazine article with an alarming read more

Asset Protection – Part 2 (April 2013)

ASSET PROTECTION – Part 2

By

Ethan R. Okura



Last month, we started talking about asset protection. We discussed what it is, why it’s necessary to protect ourselves in our country, and how having multiple layers of defense is the best approach.  I explained umbrella insurance, Limited Liability Companies (LLCs), and the difference between “Inside” and “Outside” liabilities.  We saw how LLCs can protect read more