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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...

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...
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...
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...

2012 Estate Planning Update (January 2012)

Here is a 2012 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? Under a temporary federal law, $5,000,000 is tax free this year. From January 1,...

Protect Your Home From Medicaid Liens – Part 3 (May 2010)

PROTECT YOUR HOME FROM MEDICAID LIENS (PART 3) Last month and the month before, I explained how to protect your home from Medicaid liens.  In my April column, I described how a parent can transfer the family residence to the children, and keep a “life...