Congress Acts to Extend Current Estate Tax

On Thursday, December 3, 2009, the House of Representatives passed a bill that would extend the Estate Tax of 45% to all Estates that are over $3.5 million.  As previously reported, under current law, only estates valued at $3.5 million and up are taxed.  The estate tax is currently scheduled to …

One Huge Reason To Do Estate Planning Right

One huge reason to do estate planning “right” — avoid estate litigation and family feuding.  Estate planning isn’t something we do for ourselves… we get our legal and financial house in order to protect and provide for our loved ones. Family feuding can destroy relationships… I’ve seen it many times.  …

Happy Thanksgiving!

Happy Thanksgiving! At KR Hess Law we wish one and all a most happy and healthy Thanksgiving! For those of you with children, you may be recounting our nation’s history and the pilgrims, or Squanto’s Journey.  We added “P is for Pilgrim” to our Thanskgiving reading list this year.  As …

Your Greatest Legacy? An Extraordinary Life

Last week I had the privilege and honor of hearing John Bevere discuss everyone’s innate, God-given desire to live an extraordinary life. It is no coincidence that we love stories of super-heroes. We are all born with a desire to be more than just ordinary. And yet, left to our own devices …

Thank You Veterans!

Thank You Veterans! Thank you to all the soldiers near and far for dedicating your lives to protecting this great country. We are thankful for all you do today and everyday! God speed. Kristina

We Can’t Leave a Legacy if Our Kids Don’t Survive

As a mother of three boys, my heart just breaks with the recent news about two separate teenaged boys who died in car accidents.  Our thoughts and prayers are with the families of these boys — Alex Capozza and William Wardrip. It saddens me greatly and also causes fear for my own boys …

What No More Estate Taxes?

We spend time and effort creating plans to find legal ways to avoid paying taxes. We all pay taxes everyday… from property tax, to sales tax, to gasoline tax, to Mello Roos  (a nice little tax on newer homes here in Carmel Valley to fund new schools)… Taxes are everywhere. …

Welcome to the Creating Legacies Blog!

Welcome to the Creating Legacies Blog! This blog is about living with the end in mind.  It is about legal planning (trusts, estates, wills, living trusts, powers of attorney, etc.) and protecting your assets and passing on your assets to future generations.  Yet, it is about so much more than …