Here is a 2014 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?
A little over one year ago, 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 exempt from estate tax for 2014 is $5,340,000. The Hawaii Estate Tax law was amended to follow the Federal