San Francisco Trust Administration Law Firm

The federal and state laws governing trusts are constantly changing. If you have an existing estate plan that includes a trust, it is important to consult with an experienced attorney to ensure your trust arrangement is in compliance with current trust laws and still effects your estate planning goals.

At the Law Offices of Connie Yi, PC, I review existing trust arrangements to ensure their form and terms are still providing clients with tax-savings benefits and asset protection, and continue to meet their overall estate planning needs.

Located in Alameda County, the Law Offices of Connie Yi, PC, represents individuals throughout the Bay Area.

When Should I Update My Trust?

The 2013 changes to the federal estate tax laws have rendered many tax-savings trusts useless. For example, QTIPs and AB trusts were commonly used to allow spouses to take advantage of spousal deductions. The new portability laws make these types of tax-savings mechanisms unnecessary. Instead, there may be other opportunities to reduce your current income tax liabilities and your future estate taxes.

I am attorney Connie Yi. For more than a decade, I have been helping clients ensure their estate planning documents are preserving their properties, protecting their families and lowering their tax liabilities.

I pride myself on my ability to be efficient and effective. Every action I take on my clients' behalves serves some strategic purpose. I won't act if it is not in your best interests and I don't waste time and resources.

In addition to changes in federal or state tax laws, certain life events may make it necessary to update your trust, including:

  • The trustee or beneficiaries you named are deceased
  • New individuals should be named as beneficiaries, usually due to a birth or adoption
  • Divorce or marriage
  • Relocation to another state
  • You have acquired a large asset
  • You have sold the assets held in the trust
  • You have had a substantial increase or decrease in the value of your estate

Update Your Trust And Protect Your Interests

It is important to keep all of your estate planning documents up-to-date. If you have an existing trust arrangement, recent changes to federal estate tax laws may have rendered your agreement ineffective. Contact me, Alameda County lawyer Connie Yi, to ensure your trust arrangement still provides you with tax-savings benefits and asset protection, and continues to work seamlessly into your estate plan. I speak fluent Mandarin and Cantonese.