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Estate Taxes

  • Lost Asset Protection for Inherited Retirement Accounts? The US Supreme Court’s Recent Ruling

    From the Desk of San Diego Will and Trust Attorney, Kristina R. Hess Retirement Account Asset Protection Lost? The Supreme Court’s Recent Ruling On Inherited IRAs Until recently, IRAs or other qualified retirement accounts were a great way to build wealth in a tax-deferred and asset protected manner.  Many people had a sense of security…

  • 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 means is that if you…

  • 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, 2011. As part of a…

  • TAX Alert! Big Change Coming January 1, 2011 … How Can You Legally Disinherit the IRS?

    From the Desk of San Diego Trust Attorney, Kristina Hess… Hey Californians and San Diego families, Kristina Hess here, on estate planning, and I have a really important message for you. You ready? Coming January 1, 2011, the Bush estate tax cuts will have expired…. what that means for you, is that beginning in January,…

  • 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 office boardroom. Here are a…

  • San Diego Families: What You Don’t Know About The Generation Skipping Tax Could Cost Your Grandchildren Their Inheritance

    From the Desk of Kristina R. Hess, San Diego Trust and Estate Attorney Virtually everyone knows about the estate tax (unless they’ve been living under a rock for the last ten or twelve years).  But if you’re planning to leave property directly to your grandchildren or even great grandchildren, there’s another tax you need to…

  • 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 tax in 2010 will be…

  • 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 disappear in 2010 and then,…

  • 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. So, when a tax is…

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