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THE REVOCABLE LIVING TRUST TRAP

THE REVOCABLE LIVING TRUST TRAP

Although a Revocable Living Trust is good for avoiding probate (and for married couples, an A-B Trust can reduce or eliminate estate taxes), it cannot protect your home from nursing home costs. Some years back, the State of Hawaii passed a Medicaid rule: If your home...
UNDERSTANDING REVOCABLE LIVING TRUSTS

UNDERSTANDING REVOCABLE LIVING TRUSTS

Last month we shared information on funding your Revocable Living Trust.  This month we decided to go back to the very beginning and explain what a Revocable Trust is and how they started in the first place. What is a Revocable Living Trust?  Trusts began in...

Medicaid Assessment

FUNDING YOUR REVOCABLE LIVING TRUST

FUNDING YOUR REVOCABLE LIVING TRUST

If you have an existing estate plan, you are probably already familiar with the benefits of creating a Revocable Living Trust.  One of the biggest advantages of a Revocable Living Trust is the ability to avoid probate.  Probate is a court process when a...
What is a Life Well-Lived?

What is a Life Well-Lived?

During the past two and a half months of lockdown, I’ve had a fair amount of time while walking the neighborhood or taking breaks from working at home to ponder life, and I’ve come to some interesting realizations. Here in Hawaii we’ve been fortunate...