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Proposed New Laws

PROPOSED NEW LAWS There are some proposed new rules and laws which would affect estate planning.  First, let’s review the current estate tax law.  The estate tax is a federal tax.  At this time there...

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An Unusual Year for Tax Law (February 2010)

2010 – AN UNUSUAL YEAR FOR TAX LAW There is no federal estate tax this year.  Since the State of Hawaii has no inheritance tax, Hawaii residents can die this year with any amount of assets and pay no...

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The New Hawaii Estate Tax (June 2010)

There is now a new Hawaii estate tax.  The bill proposing the tax (House Bill 2866) was vetoed by Governor Lingle on April 25, 2010.  The Hawaii legislature overrode the veto on April 29, 2010, and the...

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