by Sanford Okura | Apr 1, 2011 | Estate Taxes and Gift Taxes
Hawaii State Death Tax Calculation Chart Step 1: Determine Taxable Estate (from federal form 706, Part 2, Line 3) (However, use $3.5M as exemption)* Step 2: Determine Adjusted Taxable Estate (Subtract $60,000 from Taxable Estate in Step 1) Step 3: Find Adjusted...
by Sanford Okura | Mar 18, 2011 | Articles
On February 23, 2011, Governor Abercrombie signed into law Senate Bill 232, which makes civil unions legal in Hawaii, starting January 1, 2012. Although the law says that a civil union is not a marriage, it gives partners in a civil union the same legal rights and...
by Sanford Okura | Feb 28, 2011 | Estate Taxes and Gift Taxes
The new tax law gives us a wonderful opportunity to protect assets from nursing home costs and also from taxes. It makes temporary changes to the federal tax laws. It allows you to give away during your lifetime up to $5 million of assets without any gift...
by Sanford Okura | Dec 21, 2010 | Articles
COMMUNITY PROPERTY If you own property in any of the following states, it is important that you understand the basics about community property: Alaska, Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin. Also Puerto Rico and...
by Sanford Okura | Nov 21, 2010 | Trusts and Wills
BEWARE OF TRUST SALESMEN We were recently warned about a trust salesman committing fraud by saying that if you sign up with him, you would get a discount in legal fees from Okura & Associates. We don’t even know this person, and have reported him to the police....
