{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/596ee8b36b3475a168b0d8f5/6714b30607c991f2595a4f2e?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Wills, Trust, Estate Planning Intro","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/596ee8b36b3475a168b0d8f5/1729409538262-7b722527-95ca-42bd-a392-b2047eb75229.jpeg?height=200","description":"<p>Check out our past deals, future ones, and join our community: <a href=\"https://thewealthelevator.com/club/\" rel=\"noopener noreferrer\" target=\"_blank\">https://thewealthelevator.com/club/</a></p><p><br></p><p>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.</p><p><br></p><p>00:00 Introduction and Podcast Overview</p><p>00:51 Understanding Yield Curve Inversion</p><p>01:33 Recent Economic Updates</p><p>02:21 Introduction to Estate Planning</p><p>03:48 Key Estate Planning Documents</p><p>04:14 Advanced Health Care Directives</p><p>05:28 Durable Power of Attorney Explained</p><p>06:39 Last Will and Testament</p><p>08:40 Revocable Trusts</p><p>17:15 Probate Process</p><p>22:58 Guardianship and Conservatorship</p><p>24:32 Supplemental Needs Trusts</p><p>28:12 Common Estate Planning Mistakes</p><p>28:58 Customizing Your Estate Plan</p><p>30:03 Choosing the Right Trustee</p><p>30:47 Avoiding Conservatorship</p><p>31:41 Understanding Estate Taxes</p><p>32:23 Federal vs. State Estate Tax Exemptions</p><p>36:12 Advanced Estate Planning Strategies</p><p>42:26 International Estate Planning Considerations</p><p>46:37 Real-Life Estate Planning Stories</p><p>50:21 Cost and Maintenance of Trusts</p><p>51:35 Conclusion and Final Thoughts</p>","author_name":"Lane Kawaoka, PE"}