Legal Services for all of your Estate Planning Needs in Hawaii
An Estate Plan provides you with many benefits and helps protect the people you care about the most. It gives piece of mind and control over how your estate is distributed and managed and can save you or your loved ones money.
- Living Wills
- Powers of Attorney
- Living Trusts
- Life Insurance Trusts
- Charitable Trusts
- Family Limited Partnerships
PLEASE NOTE: We wish to remind you that significant changes in the tax law are scheduled to take effect on January 1, 2013, affecting everyone with a net worth of more than one million dollars.
Right now the Federal Estate and Gift Tax law provides an exemption of 5.12 million dollars per person. This exemption according to the existing law expires in less than next 60 days.
If your exemption is not used before December 31, 2012, the law will reduce the exemption amount to one million dollars per person. At the same time, the Federal Estate and Gift Tax rate rises from 35% to 55% on the value of any estate in excess of one million dollars.
You have most likely read about the scheduled changes in tax law in financial publications, television news, or in the newspaper. The next United States Congress must address a massive budget deficit. In addition to reducing the exemption amount and increasing the tax rate, a number of proposals for dealing with the deficit are already under consideration by Congress which will, if enacted, significantly reduce our ability to protect our clients and their families from the increasing estate tax burden. We have developed a number of strategies that you may wish to consider before year end.
As our clients respond to the opportunity to act before changes occur, our schedule is filling quickly for appointments prior to year end. Our goal is to help clients understand how these changes affect them and what they can do about it.
If you wish to discuss this further, please contact us for an appointment as soon as possible.
For assistance in this area, please complete the following Estate Planning Questionnaire.
Call us at (808) 521-3400 or click HERE to use our convenient contact form.