by Sanford Okura | Nov 21, 2010 | Trusts and Wills
BEWARE OF TRUST SALESMEN We were recently warned about a trust salesman committing fraud by saying that if you sign up with him, you would get a discount in legal fees from Okura & Associates. We don’t even know this person, and have reported him to the police....
by Sanford Okura | Oct 29, 2010 | Estate Planning
To avoid probate, people sometimes put loved ones’ names on property or bank accounts as “joint tenants.” When one joint tenant dies, his or her share automatically passes to the other joint tenants. Joint tenancy does avoid...
by Sanford Okura | Sep 17, 2010 | Trusts and Wills
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...
by Sanford Okura | Aug 21, 2010 | Estate Planning
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 | Estate Planning
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...
