by Sanford Okura | Jan 20, 2012 | Articles, Estate Taxes and Gift Taxes, Medicaid and Nursing Home Costs
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,...
by Sanford Okura | Oct 31, 2011 | Articles
NEW LAW: TRANSFER ON DEATH DEED Hawaii has a new law which allows real estate to go to a beneficiary when the owner dies, without having to go to court for probate. This new procedure requires a new kind of deed, called a “Transfer on Death Deed.” Governor...
by Sanford Okura | Apr 29, 2011 | Articles
2011 ESTATE PLANNING UPDATE By Sanford K. Okura Here is a 2011 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...
by Sanford Okura | Aug 31, 2009 | Articles
When a person dies with $100,000 or less in assets, there are simple ways to settle the estate. One way is to use an Affidavit for Collection of Personal Property. Another way is to have the clerk of the circuit court open a Small Estate proceeding. ...