HAWAII ESTATE AND GENERATION SKIPPING TRANSFER TAXES
On July 5, 2012, Governor Abercrombie finally signed into law the Estate and Generation-Skipping Tax Reform Act, which is Act 220. Parts of this law were badly needed to clean up the poorly written Hawaii Estate Tax law which became effective in 2010.
The law applies to deaths and taxable transfers occurring after January 25, 2012. It provides for both an estate tax and a generation skipping