Disclaimer © 2008 by the Law Offices of R.C. Lim. All rights reserved. This website may not be reproduced in whole or in any part without the express written permission of the Law Offices of R.C. Lim. The attorney responsible for this website is R.C. Lim. Issues regarding this website should be directed to Mr. Lim by fax to 626.584.6350 or by mail to 2 North Lake Street, Suite 550, Pasadena, California 91101. The Law Office of R.C. Lim does not practice in any jurisdiction unless admitted according to the local court rules of that state. The information given in this website does not constitute legal or accounting advice or opinion and should not be relied upon for any planning purposes. Nothing in this website is any substitute for the services of a licensed advisor in the relevant jurisdiction. It is provided solely and exclusively for general, non-specific, educational purposes, and to advise the reader of the nature of the services offered by the Law Office of R.C. Lim. Prudence demands that you consult with an experienced and licensed professional to employ any of the planning techniques described herein. Except as may be specifically described in a fully-executed client engagement letter, the Law Offices of R.C. Lim are not your counsel, and you will not rely upon the Law Offices of R.C. Lim for any advice, counsel or suggestions as to the proposed or actual tax treatment of any transaction or circumstance.
If you already own some property or expect that you might later acquire some property, the answer to this question is probably “yes.” Many are surprised to learn that estate planning and “trusts” are not exclusively for the super-rich and that there are considerable benefits to be gained even if you don’t expect to leave an estate large enough to trigger an “inheritance” tax.
Planning in advance can save you and your loved ones a good deal of unnecessary grief. Whether your aim is to provide for a relative with some special circumstance, to create a qualified personal residence trust, to “stretch-out” your IRA, or to prepare the possibility of your surprise incapacity with an advanced medical directive, we will be happy to consult with you regarding the pros and cons that your unique situation raises.
Contact us for a free first consultation to determine what issues are presented by your family’s financial and medical circumstances and to receive an estimate for the work to be done. Most services our firm offers are performed on a flat-fee basis.