The Fiduciary Advisory Services Group at McguireWoods has published an article titled "Hawaii Enacts Domestic Asset Protection Trust Legislation and Reinstates Separate State Estate Tax, by Charles D. Fox IV, Ronald D. Aucutt, Dennis I. Belcher, and W. Birch Douglass III.
The article discusses two pieces of legislation the Hawaii legislature enacted this year that will affect trusts and estates. The first was to permit a form of domestic asset protection trust. The second was to reinstate a separate estate tax for Hawaii.
Posted by Marc Patterson, Managing Associate Editor, Wealth Strategies Journal.
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