808-593-8885

DANGERS OF JOINT TENANCY

Many Husbands and Wives own title to their home as “Tenants by the Entirety” or as “Joint Tenants with Rights of Survivorship.”  Often they’ve been told that it’s a cheap and easy way to avoid probate and are shocked to discover that it doesn’t.  The catch here is...

read more

WHAT YOU NEED TO KNOW ABOUT GIFTING YOUR ASSETS

            Most of my clients have heard that you can give away $10,000 per year to any other person without consequences.  That’s not exactly correct.  Some have heard that you should consider giving away your assets to your children or other loved ones 5 years...

read more

2015 ESTATE PLANNING UPDATE

Here is a 2015 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...

read more

WHY YOU SHOULD INVEST IN REAL ESTATE

If you’ve been reading my articles, you may have noticed that I have written a few times on how you should own your real estate, what tenancy you should hold the property under, whether to use an LLC, the advantages of an irrevocable trust, and recently even...

read more

ABUSE, NEGLECT, AND EXPLOITATION OF THE ELDERLY

A hot topic in today’s world is Long Term Care, otherwise known as:  How to pay for the very expensive cost of Nursing Home Care.  Seniors are living longer; life expectancies are growing; and Health Care costs are increasing.  What does this mean for us? I started...

read more
How To Own Real Estate?

How To Own Real Estate?

One question that comes up often in estate planning is:  How should I own my Real Property (or Real Estate)?  Last July I wrote an article on this very topic.  The focus of that article was simply how to avoid probate with a slight mention of asset protection. ...

read more

Summer Tax Savings

Having just enjoyed the 4th of July weekend, one thing is certain: Summer is here! I don’t know where all the time goes, but 2014 is just flying by for me and I imagine many of you are experiencing the same thing.  So, in honor of summer, I thought I’d share some tax...

read more
The New Power of Attorney

The New Power of Attorney

As of April 17th 2014, Governor Abercrombie signed a bill into law establishing the new Uniform Power of Attorney Act.  It may be a little confusing to people because there already was a Hawaii law allowing powers of attorney, and the old law was called the Uniform...

read more
2014 Estate Planning Update (February 2014)

2014 Estate Planning Update (February 2014)

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...

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...

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...

read more

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...

read more
Creative Medicaid Spend Down Techniques (May 2013)

Creative Medicaid Spend Down Techniques (May 2013)

As you are probably well aware, my father, Sanford K. Okura, and I have both written extensively on qualifying for Medicaid to pay for long term care costs while protecting your assets from nursing home costs.  Our law practice focuses on this problem as a key...

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...

read more

Asset Protection – Part 1 (March 2013)

ASSET PROTECTION - Part 1 By Ethan R. Okura             Today I want to talk about Asset Protection.  What is Asset Protection?  Asset Protection is creating and implementing a plan to protect your hard-earned wealth from creditors—people to whom you owe money.  If...

read more

2013 Estate Planning Update (February 2013)

2013 ESTATE PLANNING UPDATE By Ethan R. Okura             Here is a 2013 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? As I mentioned in last...

read more

New Law: Saved from the Fiscal Cliff? (January 2013)

NEW LAW: SAVED FROM THE FISCAL CLIFF? By Ethan R. Okura As you may know, President Obama cut short his vacation in Hawaii to return to Washington D.C. and deal with the problem of the fiscal cliff. For those of you who weren’t aware, the fiscal cliff refers to a sharp...

read more