The KRASA LAW, Inc. Estate Planning Blog

Monday, October 31, 2016

Kyle A. Krasa wins "Golden Pine Cone" Award


Local attorney Kyle A. Krasa was the winner of a "Golden Pine Cone" award from The Carmel Pine Cone for "Best Estate Planning Attorney." 

Each year, readers of the venerable publication vote on the best businesses and services in the area.  This was the second time that Krasa received the award.  "I know that this honor is because of my clients, my employees, my colleagues, and members of the community.
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Monday, October 3, 2016

Your Estate Plan is Private - Should it Be?

An estate plan consists of a series of decisions.  These decisions include whom to name as your financial agents in the event of incapacity or death, whom to name as your health care agents in the event of your incapacity, who should receive your assets upon death, and whether and to what extent you should place conditions or restrictions on inheritance.  

These decisions necessarily involve inclusion and exclusion: you will favor certain people at the expense of others.  There is no duty to disclose these decisions to the parties involved in your estate plan, such as your named agents or your beneficiaries, until you pass away.  Upon death, your closest family members and those who are named in your estate plan will learn of your decisions.
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Monday, September 19, 2016

LLC's in a Nutshell

Limited Liability Companies, or “LLC’s,” are popular legal structures for maintaining investment assets or operating a business. Although they involve additional administration and specific formalities, they can also provide many benefits.   

Establishing an LLC

One of the first considerations in establishing an LLC is choosing the right jurisdiction.  LLC’s may be formed in any of the 50 states regardless of where the owners, or “members,” reside or where the LLC is to conduct business.  The home state of the members might not necessarily be the optimum jurisdiction for forming an LLC.
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Tuesday, September 6, 2016

Off the Record

Whenever a celebrity dies, there is great public interest in how the estate will be distributed. The details can be fascinating, especially when the celebrity fails to properly address his or her estate planning. For example, reports indicate that Prince did not have an estate plan because he did not trust attorneys. Not only will the settlement of his estate unnecessarily incur extremely expensive attorney fees and executor fees, but there is controversy regarding the proper heirs of his estate.  

Celebrities make estate planning mistakes so often that there seem to be unlimited stories warning about the consequences of failing to properly address estate planning.

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Wednesday, August 31, 2016

Maybellene - Why Can't You Be True?

The third week in August is “Car Week” on the Monterey Peninsula.  Dozens of various car events throughout the area lead up to the famous Pebble Beach Concours d’Elegance, “quite simply the finest exhibition of show cars on Earth, . . . an annual gathering of rare and antique automobiles, international automotive luminaries and motorcar enthusiasts from around the globe,” according to the event’s official website.
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Monday, August 8, 2016

Fixing a Broken Estate Plan

Estate planning is a fluid process.  What might be the perfect plan today could be outdated tomorrow due to changes in the law, changes in the size and nature of the estate, and changes in the personal circumstances of various family members or other beneficiaries.  This is why you should periodically review your estate plan to ensure that they continue to express your wishes in the most efficient manner possible.  A review also serves as a “proofread” to help identify any typos or other mistakes in the documents that should be addressed.   

In general, while you are living and have capacity, you are free to change your estate plan in any manner that you wish.

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Friday, August 5, 2016

I'm on the Super Lawyers List - Where's My Cape?

Many clients ask me whether I always wanted to be an attorney.  The truth is that I considered many professions growing up until deciding on law school while I was in college.  As with most kids, the first profession that I planned for was “super hero.”  I had it all worked out: I’d have a cool car with all kinds of gadgets, a secret base hidden in the Pebble Beach woods, and of course, a costume with a flowing cape.

In pre-school, I was Superman for Halloween.
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Thursday, July 21, 2016

Kyle A. Krasa Named “Rising Star” by Super Lawyers

For the fourth consecutive year, Pacific Grove estate planning attorney Kyle A. Krasa has been named as a “Rising Star” by Super Lawyers.  According to the Super Lawyers website, “Super Lawyers is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high-degree of peer recognition and professional achievement. The patented selection process includes independent research, peer nominations and peer evaluations.”

Super Lawyers ranks attorneys in two different categories: “Rising Stars,” for attorneys who are 40 years of age and younger, and “Super Lawyers.
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Friday, July 8, 2016

Record Holders, Inc.

Even though I grew up on the Monterey Peninsula in California, I have been a Green Bay Packers fan since I was a kid.  My short answer for why I’m a Packers fan is: “I have good taste.”  My long answer for why I am a Packers involves the appeal of the team representing the roots of football that started in small Midwestern towns, the fascination I have with watching the game being played in the elements – especially on the “frozen tundra” of famous Lambeau Field – and the legend of Vince Lombardi.  Also: I really like cheese.

Another interesting aspect of the Green Bay Packers is that the team is unique among the major four North American team sports in that it is community-owned.

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Wednesday, June 22, 2016

Generations of Hockey

I was very close to my paternal grandfather who lived only two miles away from me.  He often told me stories of how he played hockey in the Czech Republic before World War II.  He shared articles from The Hockey News and other publications about his exploits on the ice.  When I was introduced to street hockey during P.E.

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Friday, June 10, 2016

Hockey, Heartbreak, and Estate Planning

I’m a retro guy.  Almost daily, I drive a 1953 Chevy Bel Air that I’ve had for over 20 years.  I enjoy listening to Chuck Berry, Bing Crosby, the Andrews Sisters, the Ink Spots, and Amos Milburn.  I would love to wander the 18th Century Lake District in England with poet William Wordsworth or hang out with writers Ralph Waldo Emerson and Henry David Thoreau in 19th Century Concord, Massachusetts.  In addition to preferring my Packers and Sharks gear to sport the old logos instead of the modern ones, I also love wearing gear of defunct sports teams such as baseball’s Montreal Expos and hockey’s Quebec Nordiques and Hartford Whalers.
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KRASA LAW assists clients with Estate Planning, Elder Law, Pet Trusts, Asset Protection, Special Needs Planning and Probate / Estate Administration in Pacific Grove, CA(93950), Monterey (93944, 93940, 93943, 93942), Salinas (93901, 93905, 93906, 93907), Hollister (95023,95023) Pebble Beach (93953), Carmel By The Sea (93921), Seaside (93955) and Carmel (93923, 93922) in Monterey County and San Benito California.

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