Law Offices of Connie Yi, PC
California
Estate Planning
& Tax Law
Toll Free: 888-312-6978
Website Navigation Menu

Posts tagged "Trusts"

Yet another example of the power and utility of trusts

Imagine that you're a California grandparent who dotes mightily on the grandkids. As clear evidence of your love, you have been steadily funding college saving plans for them, which have reaped gains over the years owing to their qualified status that protects them from taxation.

Being a trust administrator: hardly a casual, indifferent task

Here's a central reality regarding trust administration in California and across the United States: Individuals who establish trust vehicles (such persons are often termed trustors or settlers) as planning tools intended to benefit others often appoint trust administrators without sufficiently considering their estate-related acumen and ability to properly manage the trust.

Why a charitable remainder trust is a win-win for all involved parties

From raising money to help feed hungry children to funding cancer research, many Americans have a certain cause in which they believe and want to support both during their life and after they pass. For these individuals, a charitable remainder trust provides important benefits and tax incentives that help to not only benefit a specific charity and cause, but can also provide a future income stream for oneself, a spouse and surviving heirs.

It's been a few years. Have you updated your trust?

It would be great if an estate plan were something you could just set and forget, but life rarely works that way. Many people take responsible action and develop an estate plan that will provide tax savings and protect their assets for their spouses and children. If they don't update those plans to reflect changes in life and the law, however, those careful plans may turn out to be ineffective.

Have your rights as a trust beneficiary been ignored?

As a trust beneficiary, you have rights, which may depend largely on the language of the trust document. The complexity and length of the document are, in many case, intimidating for the trust beneficiary. If you suspect that your rights as a beneficiary have been violated or ignored, then you may need a legal professional to read and interpret the document to determine exactly what your rights are and how they have been violated.

Grantor, trustee, beneficiary...What do all the terms mean?

You've probably already heard about the benefits of a trust -- how it's much like a will except for the fact that your loved ones don't have to navigate the probate process when you pass away. You probably also know that a trust may potentially save your heirs a considerable amount of money in taxes. 

Can a trust truly be kept private? - II

In our previous post, we started discussing how even though the execution of a trust grants its creator certain advantages -- minimization of tax liability, control of asset distribution, privacy -- this final element of secrecy wasn't always guaranteed.

Contact Us Now to begin your initial consultation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

FindLaw Network

Office Locations

Law Offices of Connie Yi, PC
490 Post Street, Suite 508
San Francisco, CA 94102
Phone: 415-433-3350
Toll Free: 888-312-6978
Map and Directions

Additional Office Locations:
Pleasanton
323 Ray Street
Pleasanton, CA 94566
Phone: 925-484-0888 
Pleasanton Law Office Map

San Mateo
1900 S. Norfolk Street, Suite 350
San Mateo, CA 94403
Phone: 415-433-3350
Map and Directions

Sunnyvale
1250 Oakmead Pkwy, Suite 210 
Sunnyvale, CA 94085 
Phone: 888-312-6978 
Map and Directions