by michelle | Jun 7, 2013 | Estate Planning, Estate Taxes and Gift Taxes, Trusts and Wills
HOW DOES INCOME TAX WORK WITH MY TRUST? By Ethan R. Okura Last month after writing my article on Medicaid planning techniques, we received a message from a concerned client who is worried about higher income tax rates, the new 3.8% Medicare (sometimes called...
by michelle | Sep 11, 2012 | Asset Protection, Trusts and Wills
ANSWER: Ethan R. Okura, Attorney Specializing in Estate Planning (Trusts, Wills, Medicaid Planning & Probate). No, a revocable living trust will not protect your assets from lawsuits. You can cancel your revocable trust...
by Sanford Okura | Apr 20, 2012 | Estate Planning, Trusts and Wills
UNDERSTANDING REVOCABLE LIVING TRUSTS Trusts began in England in the Middle Ages. The Statute of Uses is a law enacted in 1536 under King Henry VIII. The Statute of Uses is the basis of trust law in England. From England, the concept of trusts came to America...
by Sanford Okura | Sep 16, 2011 | Asset Protection, Trusts and Wills
HAWAII ASSET PROTECTION TRUST By Sanford K. Okura On July 1, 2011, the Hawai‘i Permitted Transfers in Trusts Act was amended. This is an important change in the law because you can now transfer assets to a trust and receive money from the trust and yet have...
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 | 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...