Hau’oli Makahiki Hou! (That’s Happy New Year in Hawaiian for those of you reading on the mainland). Here is a 2016 update on important numbers used in Estate Planning and Medicaid Planning in Hawaii.
How much money and property can a person have at death without paying estate taxes? At the end of 2012, Congress passed a law making the exemption from estate taxes $5,000,000 (adjusted for inflation) without a built in expiration date. Taking into account inflation, the actual amount