Please join us for our Annual Client Appreciation Event

This event is open to all of our clients and their guests as a special thank you for being a part of the Kinghorn Heritage family.

Thursday, March 2, 2017

5:00pm to 8:00pm

La Paloma Resort, Grand Ballroom

3800 E. Sunrise Drive, Tucson, AZ 85718 (Click here for directions)

We look forward to seeing you!

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.

In this day and age it is very rewarding and comforting to make a major decision for the long-term security of your family. Over 14 years ago we decided upon the Kinghorn Heritage Family to create our family trust. Through the years it became very evident that this decision was a major and necessary step for a secure future in an ever-changing legal climate. The Kinghorn Family has been a close friend that has always been there to serve our family.

Gary and Velma T. Client Review September 8, 2020

We appreciate the programs presented that keep us informed and updated in today’s internet and financial world. It is a comfort to know that you are only a phone call away if questions arise.

Robert and JoAnn H. Client Review September 8, 2020

We enjoyed meeting all the behind-the-scenes people on your team and want to thank you for the peace of mind you’ve given us and our children.

M.D. Client Reveiw September 8, 2020

What an amazing law firm, where the people I refer to them are handled as good friends, family, and confidantes.

Eileen E. Client Review September 8, 2020

Thank you Allison and Kinghorn Law family for everything you have done to make our end-of-life decisions a reality and stress free. When we think of Kinghorn: trust, peace of mind, professional. Outstanding Law Firm!

Ken and Cheryl V. Client Review September 8, 2020

Very satisfied with your company and staff.

Robert and Britt O. Client Review September 8, 2020

Music lovers around the world mourned the recent death of Prince. Regardless of whether you grew up listening to Prince’s unique style of music or not, you know he had a profound impact on the development of pop music. But what about his legacy? What will happen to his estate? Like so many Americans, it appears Prince died without a will—or in legal terms, he died intestate. There is much we don’t know, such as how much his estate is worth, who will be in charge of handling his affairs, and will his unreleased recordings ever be published. But because Prince apparently didn’t do any estate planning, even at this early stage there is much we do know, such as:
1. Prince’s estate will be subject to a probate proceeding in Minnesota, and possibly in any other state where he owned real estate. This likely will take many months, if not years, to complete, and will be very costly.

2. Because of probate, details of Prince’s estate will become public. For example, Prince’s sister, Tyka Nelson, recently filed a court petition in a Minnesota probate court, which is already online and available to the public. More filings, and details, will be available as the process progresses.

3. Minnesota laws will determine how Prince’s estate is distributed. Prince’s heirs include one full sister and five half-siblings. According to Minnesota law, without a will, his estate will be divided equally among all of his siblings and half-siblings. Without an estate plan, Prince’s desires are not considered.

4. Prince’s estate will have to pay estate taxes. While the current estate tax limit is at its highest level ever—$5.45 million—Prince’s estate will certainly exceed that amount. Taxes of 40% of the amount over the limit must be paid to the IRS within 9 months of Prince’s death. In addition, Prince’s estate will have to pay Minnesota estate tax of 10-16% of everything in excess of $1.6 million.
Perhaps the most important thing we know is that Prince missed an important opportunity. Prince could have taken advantage of a living trust which is a very effective means of protecting his assets and keeping his affairs private. Even if you don’t have the millions of dollars Prince had, keeping your affairs private, protecting your beneficiaries from creditors and divorce, minimizing taxes, and simplifying the administration of your affairs when you pass away or become incapacitated are all important reasons to create a trust now, before it is too late.
Kevin Kinghorn’s practicality, expertise and experience allow him to help his clients wade through complicated issues to find custom solutions to his clients’ individual circumstances and needs. Even more, Kevin enjoys the friendships and lasting relationships that are created with his clients. If you would like to make an appointment to find out how we can help protect your legacy, call (520) 529-4000, or visit us online at www.KHarizona.com.

Chandler V. Client Review September 8, 2020

Estate Planning attorneys are sometimes criticized for offering needlessly complex, 'canned' solutions. This never has been the case with Kevin. The documents he created were comprehensive when appropriate and surprisingly simple when suitable. In every case, they were individually crafted to meet our unique needs.

Rich D. Client Review September 8, 2020

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