By: Ethan R. Okura
Hawai‘i Herald Columnist
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 president signed into law. It doubled the previous estate and gift tax exemption from $5 million to $10 million (adjusted for inflation). Taking into account inflation,