Raymond Okada has a practice encompassing all aspects of estate planning, wills, trusts and probate. His practice includes planning and administering estates, as well as resolving will and trust disputes and tax controversies. He has served clients from diverse backgrounds, family situations and wealth. He has earned an AV® rating by Martindale-Hubbell Law Directory, election to the prestigious American College of Trust and Estates Counsel, and a listing in Best Lawyers in America. Examples of his work include:
- Basic Estate Planning: Prepared hundreds of "typical" estate planning documents, such as wills, revocable living trusts, durable powers of attorney (for both asset management and health care), living wills, and insurance trusts.
- Advanced Estate Planning: Prepared documents to implement more sophisticated planning techniques such as generation skipping trusts, family limited partnerships, qualified personal residence trusts, charitable remainder trusts, grantor retained income trusts, qualified domestic trusts, "defective" irrevocable trusts, buy-sell agreements for corporations and partnerships and reorganizations of corporations to achieve estate planning goals.
- Probate & Trust Administration: Counseled fiduciaries (personal representatives of probate estates and trustees of trusts) on proper administration, including fiduciary accounting of principal and income, income taxation of trusts and estates, tax compliance, prudent investor decisions and fiduciary responsibility and liability.
- Post Mortem Planning: Counseled family, fiduciary and accountants with respect to planning after death, such as the use of qualified disclaimers, the tax consequences of allocating assets between various trusts or beneficiaries and making tax elections.
- Litigation and Disputes: Prosecuted as well as defended will contests and trust contests in suits to set aside the document because of lack of capacity, undue influence or fraud. Prosecuted as well as defended fiduciaries in suits for breach of fiduciary duty. Handled estate tax audits, primarily on issues of valuation of assets, including discounts.
Mr. Okada is a frequent lecturer for both professional and lay groups, including the Hawaii State Bar Association (HSBA), the Hawaii Society of Certified Public Accounts (HSCPA), the National Business Institute (NBI), and the University of Hawaii Emeritus Program. Mr. Okada is the author of How to Use the Generation Skipping Tax Exemption, financial and estate planning seminar (HSBA, 1992), Income Taxation of Trusts and Estates (NBI, 1995), Drafting for Generation Skipping Transfer Tax Planning (financial and estate planning seminar, 1994), Serving as Trustee can be Risky Business (Pacific Business News, 2000), and Shedding Light on Sunset: Estate Planning under the 2001 Tax Act (HSCPA seminar, 2001). Mr. Okada also is an adjunct professor of Wills and Trusts at the William S. Richardson School of Law at the University of Hawaii.