Avoid Capital Gains Tax by Building Legacies

From the Desk of San Diego Estate Planning Attorney, Kristina R. Hess Do you have Real Estate, Stock or other Assets that have appreciated significantly? Do you want to sell the asset (maybe you no longer wish to be a landlord), but you’re concerned about the 35+% capital gains tax? …

Changes … Estate Tax Relief Until 2012!

From San Diego Will and Trust Attorney, KR Hess Law, Kristina Hess You Need to Review Your Trust Seriously, I didn’t think it would pass … but I guess I underestimated the power of politics … We have a 2 year extension … Estate Tax Relief until December 31, 2012. What this …

Estate Tax Exemption News … They Are Trying Again

From the desk of Kristina R. Hess, San Diego Trust and Estate Attorney: Estate Tax News for San Diego Estate Planning families: 55 cents of every dollar over $1 million is what the government is currently set to recover under the current estate tax law scheduled to become effective January 1, …

Trusts and Estates for Foreign Nationals

What You Don’t Know and Don’t Plan for Could Cost Your Loved Ones Hundreds of Thousands of Dollars! From the Desk of San Diego Trust and Estate Planning Lawyer Kristina R. Hess…. On July 27, 2010, I held our first “Truth About Estate Planning For Foreign Nationals” seminar/workshop in our …

No Federal Estate Tax in 2010 … at Least for Now

No Federal Estate Tax in 2010… at least for now The U.S. Senate finished its work for the year without acting on the Bill the House passed that would have extended the 2009 federal estate tax — any estate over $3.5 million is taxed at 45%. However, with the Senate’s inaction, the Estate …

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 …