by Sanford Okura | Aug 21, 2010 | Articles
In the Estate Planning Insights column for October 2009, I explained the “stepped up basis.” When a person dies owning property such as real estate or stocks, the fair market value of that property on the date of death will become the new tax basis of that property. ...
by Sanford Okura | Jul 19, 2010 | Articles
WHY YOU SHOULD CONVERT TO A ROTH IRA Forget all the articles you have read about whether you should convert to a Roth IRA. Forget about “Roth IRA Conversion Calculators.” If you have a substantial amount in a retirement plan that can be converted to a Roth IRA, you...
by Sanford Okura | Dec 18, 2009 | Articles
TENANTS BY THE ENTIRETY Most married couples in Hawaii buy their home as “tenants by the entirety.” Many have transferred their home to their trusts. Which is better? To own your home as tenants by the entirety, or to put your home into your trusts? Let’s look at...
by michelle | Nov 5, 2009
by michelle | Nov 5, 2009
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by Sanford Okura | Oct 14, 2009 | Articles
In estate planning, it is important to understand “stepped up basis.” When you buy property (for example, real estate or stocks) your “tax basis” in the property is the amount you pay for the property. When you sell the property, you have profit or “gain” equal to...
