Hawai‘i Life. Hawai‘i Law.
You may have heard stories of very wealthy individuals deciding not to leave that wealth to their children. From Bill Gates to Jackie Chan, they’ve often decided to give their money away to charities or philanthropic causes. They’ve chosen not to simply give their...
Creating a living trust can be a painstaking process. Done right, you and your loved one can reap a variety of benefits from your living. However, if you are going to invest your time and effort into drawing up a living trust document, it helps to come to terms with...
It’s not uncommon for people with revocable living trusts to name a family member – like their spouse or their oldest child – as their successor trustee. The successor trustee is the person who will take over all the administrative duties for your trust if you become...
If you have only recently started your business, you might think it is way too early to worry about a succession plan. However, it is never too early. Hopefully, you will not need someone else to take over the running of your business for years. Yet you cannot...
You probably knew before you opened your doors that running a business comes with some legal risk. Still, most business owners never expect someone to file a lawsuit against them or their company. Unfortunately, business litigation remains a constant threat, even when...
Many people invest a significant portion of their income and personal wealth into the homes where they live. Real estate in Hawaii is incredibly valuable, and your home could very well be the cornerstone of the legacy you want to pass to your children or other loved...
Most people barely understand the tax rules that apply to them as individuals, so it is little surprise that corporate tax law leaves many people feeling overwhelmed and confused. Even someone who is confident about filing their personal income tax return with modern...
Launching a business partnership is a major move. It has the potential to work out well. However, in a worst-case nightmare, it could sour your company’s prospects and reputation. It can also burden you with messy hassles or even litigation. Picking a business...
If you rent a commercial property to run your business, you want to think about all of the different costs that go along with it. Simply paying the rent every month is just the beginning. One of the other major costs that you may face is maintenance for that property....
People who have considerable investments or assets want to ensure that those are always as protected as possible. One way that you can do this is to set up the power of attorney designations now. This is your opportunity to decide who will make decisions about your...