Protecting your Hawaii property is just as important as finding it. If you own luxury residential or commercial real estate in Honolulu, Maui, or across the islands, setting up the right trust is crucial. Many homeowners think a simple Revocable Living Trust makes them completely tax-proof, but the reality of Hawaii estate tax laws is much more complex.
In this video, we break down why relying only on a basic will can trap your family in probate court for months, costing 3 to 7 percent of your property gross value. We also explore the hidden trap of the Hawaii state estate tax. While the federal exemption sits comfortably high, the Hawaii exemption is closer to 5.5 million dollars. For luxury homeowners, foreign investors, and out-of-state buyers with assets here, that limit is easy to cross. A specialized trust can help double that exemption for married couples, protecting your legacy and saving your family from a massive tax hit.
Whether you are a local resident, a U.S. expat, or an international investor from the Asia-Pacific region, structuring your real estate portfolio correctly is vital. Contact a Hawaii-specific estate planner to get your assets in order.
For expert guidance on acquiring or selling luxury properties and navigating the Hawaii market, reach out today. With over two decades of experience bridging global opportunities with local insights, my team at Island Dragonfly and I are ready to assist.
Contact Jason Wong, Principal Broker:
Personal Website: https://jasonwong.us
Firm Website: https://islanddragonfly.com
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