Law Offices Of Connie Yi, PC
Tell Us About Your Case

For the safety of our community, clients and staff, we have suspended all in-person meeting effective March 17, 2020. All consultation meetings will be via Phone or Zoom Video Conferencing. Please contact us at 925-484-0888 or email us directly at [email protected] to schedule the consultation.

Bay Area Estate And Tax Planning Law Firm
Estate Planning
Trust Administration and probate


  1. You are here: Home
  2.  » 
  3. Estate Planning
  4.  » When Should I Update My Trust?

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.

Recent Blog Post

How to include digital assets in your estate plan

California law allows you to include digital assets in your estate plan. You can give an executor, trustee, administrator, or fiduciary authority the ability to access and modify your digital assets after your death. Files Files are often forgotten about during the...

The basics of a certificate of trust

Instilling trust is important to anyone who becomes the administrator of an estate. A trustor needs a certificate of trust to prove the existence of a trust and reveal its specific terms. This certificate is an essential document to include as part of your estate...

Have you updated your estate plan?

It takes time to see how daily life is full of opportunities to update your will in California. Below are examples of why or when you need to revise your estate and take control of your assets. Tax laws When tax laws change, estate planning equips you to reduce taxes...

View More Blog Posts