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    • Gail “Kaila” Kawakami
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Posts Tagged: Kauai

Best Picture Nominee “The Descendants” is Full of Estate Planning Nuggets

“The Descendants” is entertaining on many levels, and it rightly deserves its Best Picture nomination.

February 24, 2012 Current Affairs, Estate Planning, Film, Trusts & Estates

Respite care can be a life saver

If you are a caretaker for someone else, please be sure to take care of yourselff, too.

July 14, 2011 Elder Care, Estate Planning

The Five Documents Almost Everybody Needs

Here are some thoughts about 5 documents that you should have in place just in case you lose your mind or leave your body.

July 12, 2011 Estate Planning

Joint bank accounts can be a bad idea

Think twice before you put somebody else’s name on on your bank accounts. Using trusts or powers of attorney can give you the flexibility you want without exposing your assets to unnecessary risk.

July 10, 2011 Asset Preservation, Elder Care, Estate Planning, Financial Planning

Are You Looking for a Retirement Career?

From The Wall Street Journal Online (June 19, 2011): For retirees calling it quits from the 9-to-5 world, it might be worth considering another career move: landlord.

June 24, 2011 Estate Planning, Financial Planning, Retirement Planning

Don’t fall prey to the 2011 “Dirty Dozen” tax scams

There is a big difference between tax avoidance (which is legit) and tax evasion (which is not). Although it can be frustrating at times, we are nevertheless called upon to render unto Caesar what belongs to Caesar. If you don’t like what you have to render, take it out in the voting booth, not on your tax returns.

May 20, 2011 Current Affairs, Estate Planning, Financial Planning

Doing Well and Doing Good with Charitable Remainder Trusts

By creating a Charitable Remainder Trust (CRT) and selling assets low basis assets through it, a donor can reap dramatically increased income, get a nice income tax deduction, and benefit a favorite charity. Not a bad way to recover from an IRS-induced April 15 headache.

May 17, 2011 Charitable Giving, Estate Planning, Estate Taxes, Trustees, Trusts & Estates

From Businessweek (April 26, 2011) “Growing Ranks of Non-Traditional Couples Face Uncertainty, Expensive Rules”

Taxes, estate planning, and other financial issues can be extremely complex for both gay and straight unmarried couples. The good news is that there are some helpful solutions to the issues.

May 6, 2011 Estate Planning, Same-Sex Couples, Umarried Couples

From The New York Times (April 19, 2011) “Guidelines Allow Earlier Definition of Alzheimer’s”

For the first time in 27 years, the definition of Alzheimer’s disease is being recast in new medical guidelines that reflect fast-mounting evidence that it begins ravaging the brain years before the symptoms of dementia.

April 29, 2011 Elder Care

From The Associated Press (April 7, 2011) “Social Security Stopped Mailing Earning Statements”

Those yearly statements that Social Security mails out — here’s what you’d get if you retired at 62, at 66, at 70 — will soon stop arriving in your mailbox. It’s part of an effort to save money and steer more people to the agency’s website, which is worth checking out.

April 20, 2011 Current Affairs, Elder Care, Social Security


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