• Wills, Trust, Estate Planning Intro

  • Oct 22 2024
  • Length: 54 mins
  • Podcast

Wills, Trust, Estate Planning Intro

  • Summary

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    Join us for an insightful episode with Ethan Okura from Okura Associates Estate Planning Attorneys as we explore the critical components of estate planning. Learn about living trusts, advanced healthcare directives, and durable power of attorney, essential for protecting your assets and making crucial decisions. Discover the intricacies of wills, revocable and irrevocable trusts, probate processes in Hawaii, and the benefits of using beneficiary designations. Understand the importance of conservatorships, trusts for special needs families, and strategies for selecting trustees. We'll also delve into advanced estate tax planning techniques, including Spousal Lifetime Access Trusts (SLATs), and address federal and Hawaii state estate taxes. Real-life examples and updates from economic giants like Goldman Sachs and JP Morgan Chase are included to help you effectively manage and plan your estate.


    00:00 Introduction and Podcast Overview

    00:51 Understanding Yield Curve Inversion

    01:33 Recent Economic Updates

    02:21 Introduction to Estate Planning

    03:48 Key Estate Planning Documents

    04:14 Advanced Health Care Directives

    05:28 Durable Power of Attorney Explained

    06:39 Last Will and Testament

    08:40 Revocable Trusts

    17:15 Probate Process

    22:58 Guardianship and Conservatorship

    24:32 Supplemental Needs Trusts

    28:12 Common Estate Planning Mistakes

    28:58 Customizing Your Estate Plan

    30:03 Choosing the Right Trustee

    30:47 Avoiding Conservatorship

    31:41 Understanding Estate Taxes

    32:23 Federal vs. State Estate Tax Exemptions

    36:12 Advanced Estate Planning Strategies

    42:26 International Estate Planning Considerations

    46:37 Real-Life Estate Planning Stories

    50:21 Cost and Maintenance of Trusts

    51:35 Conclusion and Final Thoughts


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