Proposed Tax Law Changes Impacting Estate Planning
The following is a summary of most of the tax law changes related to estate planning included in pending legislation as of September 2021.
Category: Estate Planning
Prop 19: Huge Property Tax Increase on Inherited Properties Goes Into Effect on February 16, 2021
Update for May 2021 – Prop 19 is currently in effect; however, the California Senate has approved a bill which would extend the implementation two more years to February 16, 2023, to allow more people to plan. Stay tuned if this passes CA congress we will be able to assist …
Estate Planning in Light of COVID-19
Are Your Will and Trust Up to Date? From the desk of San Diego Trust Attorney, Kristina R. Hess, KR Hess Law PC Estate Planning and COVID-19 The world as we know it has changed dramatically over the course of the last several weeks as we have been confronted with …
Are Your Kids Protected and Provided for Were Something to Happen to You?
Can you remember the day your first child was born? Do you remember the joy as you brought that little person into your home. Did you ever think that you could love so much? Indeed, I think becoming a parent truly forces us to examine our lives and to reevaluate …
Who Needs Estate Planning in San Diego? You Will Be Surprised
From the Desk of Estate Planning Attorney, San Diego, Carmel Valley, Del Mar, Solana Beach, Kristina R. Hess Do You Need an Estate Planning Attorney in San Diego? You will be surprised…. Contrary to what some believe, San Diego estate planning attorneys aren’t here just for the wealthiest members of …
Trust Planning – Should I loan my son money for a down payment on a home?
From the desk of Will and Trust Lawyer in San Diego, Kristina R. Hess I recently had a discussion with someone about the pros and cons of loaning children money for down payments on a house. On the one hand, housing prices in California are very high, and many kids …
The 5 Legal Documents Everyone Needs
From the Desk of Will and Trust Attorney, San Diego, Kristina R. Hess: Everyone needs some legal planning. Yes, even your San Diego college students, could benefit from having an Advance Health Care Directive and a Power of Attorney. Once you are 18 and you are an adult, you cannot …
San Diego Estate Planning News
From the Desk of San Diego Trust Attorney, Kristina R. Hess: Greetings Everyone! Check out my video newsletter below… 2015 Estate Tax Credit is $5.43 million per person, up from $5.34 million in 2014. If you think you may have a taxable estate, contact us about advance estate tax planning …
San Diego Estate Planning Strategies in a Low Interest Environment
From the desk of San Diego Probate Attorney, Kristina Hess Interest rates continue to be low … in this environment, there are certain estate planning strategies that could work for you. The federal government requires the use of certain interest rates to value various items used in estate planning, such …
Happy New Year 2013!
Happy New Year 2013! From the desk of San Diego estate attorney, Kristina R. Hess (Hess) Here we are on the eve of a new year. I love this time of year. I am particularly compelled by the newness of the new year. I am drawn in by the endless …