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Estate Taxes

  • Legal Update: One Big Beautiful Bill Act

    From the Desk of San Diego Estate Planning Attorney Kristina R. Hess with contribution from Rachel Lee 
In July 2025, the One Big Beautiful Bill Act was signed into law, making permanent many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) and introducing new opportunities for families, business owners, and high-net worth individuals.…

  • Increased Property Taxes for Loved Ones Following the Passage of California’s Prop 19?

    With the passage of Proposition 19, California property owners face new challenges and opportunities in estate planning, particularly regarding property tax reassessment. Here’s what you need to know to effectively plan for these changes, including increased property taxes: 1. Understanding Proposition 19: Effective February 16, 2021, Proposition 19 significantly altered the rules for property tax…

  • 2025 Estate Tax Update

    As we enter 2025, it’s important to stay informed about the current estate tax exemptions and laws that may impact your estate planning. Here’s a brief summary of 2025 estate tax update: These updates highlight the importance of reviewing your estate plan to ensure it aligns with current laws and your personal goals. As always,…

  • Estate Planning Podcast

    Reduce Estate Taxes to Maximize Your Wealth Transfer

    Estate tax exemptions are expected to decrease in the near future. However, ILITs (irrevocable life insurance trusts) can help you reduce estate taxes to maximize your wealth transfer to future generations. In this episode of Kyle Malmstrom’s podcast, Kyle speaks with Kristina Hess, estate planning attorney at KR Hess Law, PC. Join Kyle and Kristina…

  • Proposed Tax Law Changes impacting Estate Planning

    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.

  • 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 more families with Prop 19…

  • Happy Holidays! Plus Tax Law Changes for 2021

    Greetings friends, clients and colleagues… Thank you for voting KR Hess Law Best Trust and Estate Planning Attorney on the SD North Coast for the 4th Time! We so appreciate your referrals to friends and family! Tax Law Changes There have been a lot of tax law changes this year and it could be there are…

  • Guide to 2018 Estate Tax Law Changes

    From the desk of San Diego Trust and Estate Attorney, Kristina R. Hess of KR Hess Law, PC Greetings and a very Happy New Year! I hope everyone is having an amazing new year. 2018 is set to be a stellar year – even if we have a little market correction going on … We…

  • 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? Here in California, the state…

  • Where do the 2016 Presidential Candidates Stand on Federal Estate Taxes?

    From the desk of Kristina R. Hess, San Diego Trust Attorney, Estate Planning Lawyer San Diego Estate Tax Attorney: The Future of the Federal Estate Tax The IRS just announced the 2016 federal estate tax credit amounts, which are $5.45 million for individuals and $10.9 million for married couples.  You may recall that the American…

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