by Ethan Okura | Feb 24, 2015 | Asset Protection, Estate Planning, Estate Taxes and Gift Taxes, Medicaid and Nursing Home Costs
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...
by Ethan Okura | Jan 21, 2015 | Estate Planning, Estate Taxes and Gift Taxes, Medicaid and Nursing Home Costs
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...
by Ethan Okura | Feb 8, 2014 | Estate Planning, Estate Taxes and Gift Taxes, Medicaid and Nursing Home Costs
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...
by Ethan Okura | May 16, 2013 | Medicaid and Nursing Home Costs
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...
by Sanford Okura | Jan 20, 2012 | Estate Planning, 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 | May 21, 2010 | Medicaid and Nursing Home Costs
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...
