Hawai‘i Life. Hawai‘i Law.
You have probably heard of a power of attorney (POA) and are wondering how you can choose one. Basically, a power of attorney lets you appoint someone to make decisions regarding your health and finances on your behalf should you lose the capacity to do so by...
Depending on your business structure and its overall success, the deductions you are able to make when filing your taxes can drastically affect your final tax responsibilities. Businesses can write off expenses related to meetings, advertising and even office...
When you need to relocate, expand or open a separate (or new) business, it is time to start shopping for commercial real estate. Most commercial properties look great at first glance but may contain hidden defects or structural problems. Whether buying or leasing, the...
Whether you are the sole owner or one of several with a stake in the business, chances are you have a lot on your plate. Owning and operating a successful company can keep you so busy that you fail to consider who will take over once you retire or pass away. Business...
A trustee is responsible for managing trust assets on behalf of the beneficiaries. It is their responsibility to ensure the trust serves the purpose it was created for and that the trust assets are well managed. When a trustee fails to perform their legal duties under...
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...