Don’t Overlook Digital Assets in Your Hawai’i Estate Plan
In the 21st century, many Hawai’i residents conduct at least a portion of their lives in a digital environment. Many Americans now choose to socialize and work online. Some U.S. citizens even collect and manage high-value assets online. For example, if you own a...
Do You Have a Plan to Protect Your Legacy From Estate Taxes?
When you create an estate plan, you help ensure that the people you love will inherit your assets when you die. Careful planning can maximize what resources you leave for others and minimize the liabilities your estate or its beneficiary incur. Many people planning...
Can You Leave Your Business to Just One Heir?
If you’re thinking of passing on your family business, the process can get complicated. Maybe you have four children, and you’re dividing everything you own evenly. But what about the business? Perhaps you have someone in mind who you think can carry on your legacy at...
Ways your kids could lose your wealth – and what you can do about it
You may have inherited wealth from your parents and built upon their success to create an even greater inheritance for your descendants. Or, you may have started with nothing and worked your way up to wealth through sacrifice and dedication. Either way, your hopes are...
Most Family Businesses Fail in the Next Generation. Yours Doesn’t Have To.
As a business owner, your dream may be to pass that business on to the next generation. You want your children to have that stable source of income for decades to come. You hope that they can build on what you created and make it even better. Unfortunately, the...
3 Benefits of Integrating a Trust Into a High-Asset Estate Plan
The more assets you have, the more complicated estate planning becomes. Those with significant personal property typically need to consider their legacy more carefully. Complex assets, such as a business or multiple investment accounts, may require instructions on how...
The Value of Hawai’i Business Succession Planning
Like most entrepreneurs, you worked hard to create and grow your business to ensure it thrived. Successful business owners put in a lot of time, money and effort to establish the products or services that make them stand out from competitors. Such commitment and...
Can You Put a Rented Property in Your Estate Plan?
You’re doing your estate planning and business succession planning. You want to leave the company to your oldest child. However, you rent the building in which that business is located. You want your child to maintain the lease after you pass away, of course, but can...
Protecting Your Role as Trustee When Investments Take Losses
Investments are a bit like gambling. You monitor the circumstances carefully and try to make good decisions that will result in profit. Unfortunately, many of the deciding factors in whether your investment succeeds will be outside of your control. You have to play to...
What Kind of Trust Is Beneficial for a Large Number of Assets?
Over the years, thanks to hard work and resilience you’ve been able to garner many assets to your name and estate. Now that you’re thinking about your legacy and how and what you’d like to leave your loved ones, you likely have a lot to consider. Different kinds of...