by michelle | Jan 21, 2011 | Estate Taxes and Gift Taxes
Happy New Year, everyone! We have some exciting new tax laws. On December 17, 2010, President Obama signed into law the 2010 Tax Relief Act. I will explain the most important changes in estate and gift taxes. Temporary Law. Important parts of the new law are only...
by Sanford Okura | Jun 26, 2010 | Estate Taxes and Gift Taxes
There is now a new Hawaii estate tax. The bill proposing the tax (House Bill 2866) was vetoed by Governor Lingle on April 25, 2010. The Hawaii legislature overrode the veto on April 29, 2010, and the bill became Act 74 on April 30, 2010. It imposes a tax on the...
by Sanford Okura | Feb 24, 2010 | Estate Taxes and Gift Taxes
2010 – AN UNUSUAL YEAR FOR TAX LAW There is no federal estate tax this year. Since the State of Hawaii has no inheritance tax, Hawaii residents can die this year with any amount of assets and pay no death taxes at all. This is only for the year 2010. ...
by Sanford Okura | Apr 29, 2009 | Estate Taxes and Gift Taxes
PROPOSED NEW LAWS There are some proposed new rules and laws which would affect estate planning. First, let’s review the current estate tax law. The estate tax is a federal tax. At this time there is no Hawaii estate tax or inheritance...
