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Law Offices of Paul Yee
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Do estate and inheritance affect new entrepreneurs and soon-to-be entrepreneur’s taxes? The general answer to this is yes but it is not as cut and dry as you think.

New research shows that there are two primary effects of wealth transfer that impact entrepreneurs (reduction of after-tax and quicker retirement dates). The estate tax would also then affect the decision to start a business or even to keep going.

This is a complex subject so to do this post justice we pulled up and article that goes in deeper on the subject of wealth transfer, estate taxation, after-tax, and tax avoidance strategies. Click on the link below to read the full article.

Once informed, if you still need assistance with your estate plan, business law, intellectual property, or other attorney questions please make sure to give our experts a call. We look forward to helping you in any of these areas.
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It has been a while since we’ve seen a celebrity that’s done a proper estate plan. Instead of failing to plan, or simply having a standard will where all of his assets go through probate where the information is public, Burt Reynolds decide that the best way to provide for his son is through a trust.

By having a trust instead of will, Mr. Reynolds is able to maintain his privacy, dictate the terms of distribution to his son, and also offers his son some asset protection.

If you are looking to do the same with your children, then we strongly suggest getting in touch with one of our representatives today. Our team of professionals has a strong understanding of estate planning. We also provide a wide verity of services such as business law and intellectual property.

Don’t do what other people do and put this off for another time because it usually never gets done. We look forward to helping you in your estate planning process.
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What clients have to say about The Law Offices Of Paul G. Yee:

“A most excellent lawyer. Very pleasant and helpful personality. He's also not driven by money like the stereotype of lawyers (he gave me a very fair price for what I wanted). I had a living trust and will done by Mr. Yee, and he was very fast yet thorough and answered all my questions patiently and thoroughly. Even after I had paid him, he still volunteered to do something for me at no extra cost. I wholeheartedly recommend Paul Yee for your needs.”
-Ray

“Paul Yee deserves the highest accolades and recommendation. I saw him today concerning intellectual property law for a book project of mine.
There were several complexities involved and Paul gave solutions in simple, understandable terms. He effortlessly gave answers in a timely fashion; yet he took time to thoroughly delve into details. I left with a sense of gratitude that I had discovered a personable professional with a combination of brilliant legal expertise, patience and a reasonable, fair fee.The next project that requires legal counsel will have Mr. Paul Yee's name on it. Thank you again, Mr. Yee.”
-Pat

“Paperwork and legal jargon makes me nervous but with Mr. Yee's help, we were able to figure out what type of documents we had created over a decade ago with him and what is currently needed because of the changes in our lifestyle. He did not pressure us into using his service and was honest in advising us to find a new lawyer in our state, as we are no longer in California. He is exceptionally patient, knowledgeable and TRUSTWORTHY. I highly recommend Mr. Yee for all your real estate planning and property law needs!”
-Emma

Paul G. Yee, Esq. of The Law Offices Of Paul G. Yee has been offering reliable business law and estate planning services to South Pasadena, Alhambra, and the San Gabriel Valley, CA area residents for over 20 years. He is experienced in business law, intellectual property law and estate planning.
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Having an estate plan is a great start to ensure that your assets are handled the way you want them to and to offer peace of mind to your family that they will be taken care of after your gone.

However, don’t think that just because you have one that it is good for the rest of your life. It is imperative that you continuously review it at least every five years to make sure that everything is still current and up-to-date.

We all go through major changes in our lives so we need to make sure those changes reflect on your estate plan. There are at least three areas that you should always revisit in your estate plan and that is your planning documents, life insurance coverage, and your assets.

To learn more about this, one of our professionals has provided the following article for a detailed description. If you still need help in establishing your estate plan or need one done for the first time make sure to speak with one of our professionals today. We look forward to taking care of your estate plan needs.
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There comes a time when we as adults need to have a frank and serious conversation with our aging parents about how they would want their assets to be handled once they have passed away.

As their children, it is our job to make sure their wishes are met to the best of our abilities. By having a deep conversation with our parents, we help prevent any miscommunications, stress, or conflicts that might arise in the future.

Not only that, but it also relieves you of any decision-making burdens off of you. Schedule some time to speak with your parents about their finances, health-care, the age talk, the end of life talk, and their family legacy.

Remember that this is a very serious and emotional discussion so be prepared to talk with them over a long period of time. Be patient with them, be as transparent as possible about your view, and make sure that your keeping notes.

If you need additional assistance in preparing their estate plan, make sure to contact one of our professionals. We look forward to taking care of your estate plan needs.
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One of the fundamental purposes for having an estate plan is to leave a legacy for the living.

To a lesser degree it is also to cover both your death and taxes, but what people want to secure is their estate so that their loved ones can benefit from all the handwork they have put in over the years.

Unfortunately, numerous reports show that over 50% of Americans don’t have an estate plan let alone a legacy plan. It is this lack of planning that will ultimately create more problems for your loved ones that didn't exist before.

And if you thought that estate planning is only for those who have an abundance of wealth then think again. There are many resources available to you if you just do a little research.

So in order to help you prepare for this moment in your life, one of our specialists did a little research and found the following article, which covers your disposition, how your family business and real estate gets handled, and how to midi gate risk.

Click on the link below to read the full article. If you are in need of an estate plan or if you already have one that hasn’t been touched for a few years, then please give us a call. We look forward to taking care of your estate needs.
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May the ghost be with you. Happy Halloween!

For those who are venturing out on Halloween for trick or treating festivities, there are laws to keep in mind for 2018. Some Halloween laws might scare you. From California to Maryland, local ordinances penalize trick-or-treating by teens, after 8 p.m., or even while wearing a mask.

In Walnut, trick-or-treaters can’t wear a mask or disguise.

In Hollywood, it’s against the law to “possess, use, sell or distribute Silly String” in public from 12:01 a.m. on October 31 to noon November 1. Violating the law can result in a $1,000 fine.

Thankfully, many communities don’t turn to special ordinances to enforce Halloween decorum. Officials instead issue safety tips, which can include recommended hours, costumes and more.

Be safe, everyone.
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Did you know that most Americans pass away without every writing a will or trust? Most say that the biggest reason they don’t have one is that they just don't have a chance to get around to making one.

We can’t also overlook the idea that by creating one we are coming to terms with our own mortality. In fact, LegalZoom report that Blacks and Hispanics are the ones most likely to not have a will.

If you think that not having a will ready isn’t the end of the world, then think again. Consider the ramifications for a moment; children and spouses will fight, your heirs will fight for a very long time, and you can bet that you are not going to get the type of funeral that you envisioned in your mind.

These are just a few of the major outline issues your family core will face and we haven’t even covered the topic of inheritance. To learn more on this one of our specialist did a little research and found this next article which covers this in greater detail.

Still, think you don’t need a will? Make sure to speak to one of our specialist for more on how we can help you get your documents in order.
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Gigi Hadid appears to be facing legal trouble after posting a since-deleted paparazzi shot of herself on Instagram without crediting the photographer.

Unfortunately, if the image is copyrighted by the photographer, paparazzi or not, it subject to the same laws that protect artists from having their work stolen. Celebs and regular folks: it’s not safe to post photos you didn’t take yourself on your social media accounts. Yes, even if they are of you.

This isn't the first time Gigi has been at odds with paparazzi over an Instagram photo. In 2017, she was sued by a photographer who claims she used his photo all over her social media, severely cutting into his profits.

Paul G. Yee, Esq. of The Law Offices Of Paul G. Yee offers experienced guidance on intellectual property law cases for residents of the South Pasadena / Alhambra, CA area. Whether you've created an original work or branded a product or service, he can show you how to protect it and your exclusive right to profit from it.

Call today to see how we can help you • 626-799-4900

https://en.vogue.me/fashion/models/gigi-hadid-paparazzi-legal/
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With all the technical rules and large jargon words used, life insurance can seem like you might need a masters degree just to understand what’s going on.

Unfortunately, over the years man people have come up with some rather interesting myths when it comes to life insurance. One of the most common ones we’ve heard is that people who are single and don’t have any dependents don’t really need coverage.

You are still going to need life insurance to cover your personal debt expenses and the cost for medical and funeral bills. Believe it or not, you could be leaving your unsettles debts to your to your family. Another big one that we’ve come across is the belief that your term life insurance from your work will be enough.

This may or may not be right if you are single but if you have a spouse or other depends then your going to want to get life insurance to cover your estate taxes. To view the full report, one of our specialists wanted to share the following article.

Click on the link below to read the full top myths that are currently under circulation. If you need additional help with your life insurance, please give us a call.
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