Jacqueline Yu

• When a person passes away and leaves behind their spouse and a sizeable estate, it kicks off a chain of activities and requirements on which the trustee must take the reins. The necessary steps for administering a trust are nuanced and complicated and can include significant tax consequences. If you have been named as a trustee, or if you are creating an estate plan and are debating whom to name as trustee, read on to receive guidance around the duties of a trustee, a roadmap of the process of administering a trust, and the considerations one should make when administering a trust., Trust Administration After a Spouse’s Death: Duties, Liabilities, and Checklist, Trust Administration, Real Estate, Estate Planning, Duties,
• Determine allocation formulas. A subtrust funding formula clause directs the trustee how to allocate the deceased spouse’s interest in the trust estate between the Marital Trust and Bypass Trust to optimize the use of the marital deduction and the deceased spouse’s available estate tax exemption. The type of formula clause used for purposes of subtrust allocation affects the allocation of the assets’ appreciation and depreciation between the subtrusts and the income tax consequences on such assets., Trust Administration After a Spouse’s Death: Allocating to Subtrusts, Real Estate, Banking, Finance
• The family trust is often divided into subtrusts upon the death of the first spouse to die for tax savings and asset protection purposes. Additionally, for the same reasons, they may be created for the benefit of the spouses’ children and more remote descendants on the death of the surviving spouse., Trust Administration After a Spouse’s Death: Understanding Common Subtrust Structures, Trust Administration, Real Estate, Estate Planning
• This article features a checklist of topics you should include when reviewing your estate plan., It’s Time to Review Your Estate Plan, Real Estate, Sports, Banking, Finance, Medicine
• The Build Back Better Act is a bill introduced in the 117th Congress to fulfill aspects of President Biden’s Build Back Better Plan. It was spun off from the American Jobs Plan, alongside the Infrastructure Investment and Jobs Act, as a $3.5 trillion Democratic reconciliation package that included provisions related to climate change and social policy. Following negotiations, the price was lowered to approximately $2.2 trillion. The bill was passed 220–213 by the House of Representatives on November 19, 2021. However, during negotiations and parliamentary procedures, Senator Joe Manchin pulled his support from the bill. Since a bill such as this needs all 50 Democratic senators to pass, it was dead in the water., Status of Build Back Better Act and the Landscape of 2022 Estate and Gift Tax Laws
• As parents age, they begin to think about estate planning, and they naturally want to pass on their assets in the most efficient, and least tax-burdensome manner. Two very important factors to consider in estate planning are asset protection and estate tax exemption. There is a trust that spouses can establish for the benefit of each other that provides asset protection for both of them, preserves their estate tax exemptions, and offers continued access to the trust’s funds. This trust is called the Spousal Lifetime Access Trust (“SLAT”)., How a Spousal Lifetime Access Trust (SLAT) Preserves Wealth and Creates Asset Protection for Your Family, Real Estate, Entrepreneurs, Sports
• Homeowners in California who desire to keep their real estate in the family need to understand the new rules under Proposition 19. This article provides a sound strategy for transfers of investment properties to the next generation while avoiding costly property tax reassessments., Property Tax Reassessment Strategy to Transfer Real Properties in California After Proposition 19
• With potential risks of retroactive application of any changes in the tax laws, including a reduction of the currently $11.7 million unified gift and estate tax exemption, affluent individuals who have not already fully used their exemption may wish to implement lifetime gifting strategies sooner than later. , Use It or Lose It: It’s Time to Maximize on Your Estate and Gift Tax Exemption
• Under specific circumstances, the attorney-client privilege and work-product doctrine can also be extended to accountants, business managers, investment bankers, real estate appraisers, insurance brokers, and other service providers, as well as to the documents they prepare on your behalf., Getting Everyone Under The Umbrella
• A well-known quote says that “nothing is certain except for death and taxes.” A Will – the document often used to address both issues – should also be certain, and when probated, the results should be final., Make Sure Your Final Wishes Are Really Final
• Authored newsletter article on the topic of IRS proposal to eliminate valuation discounts available for intra-family transfers, IRS Rule Would Affect Family-Owned Businesses, Legal, Business Succession Consultants, Financial Services, And Accounting

• Flintridge Sacred Heart Academy (La Canada-Flintridge), Valedictorian
• University of California, Los Angeles - Bachelor of Arts in Political Science (International Relations Concentration) and Asian American, Ethnic & Gender Studies
• University of California, Los Angeles Extension Program - Accounting Certification
• Notre Dame Law School - Juris Doctorate
• University of California, Los Angeles School of Law - Masters of Law in Tax Law and Business Law

• Member of the Los Angeles Estate Planning Council
• Advisory Board Member of APAIT- A Division of Special Service for Groups
• Board Member of the Asian Business League of Southern California
• Co-Chair of the Los Angeles Chapter of the Young Tax Lawyers Committee of the California Lawyers Association
• Executive Committee Member of the Trusts and Estates Section of the Beverly Hills Bar Association
• Affiliate Member of the Professional Fiduciary Association of California  , 2021

• Spotlight video on my legal practice, Beverly Hills Bar Association Member Spotlight, Legal, 2021

• Authored article published in the California Society of CPAs Magazine on the topic of how attorney-client privilege can be extended to cover communication between the client and non-legal advisors, Author, Sealing the Deal - How Attorney-Client Privilege Affects Outside Consultants, California Society of CPAs, Legal, Professional Fiduciaries, Financial Services, Business Management, And Accounting, 2017
• Lectured and co-authored material for the Program Topic: "Other Trust Structures and Issues." , Lecturer and Co-Author of Materials, Trusts: The Ultimate Guide - Other Trust Structures and Issues , National Business Institute , Legal, Professional Fiduciaries, And Accounting, 2019

• APAIT - Special Service for Groups, Inc.

“Jacqueline D. Yu is a detail oriented, knowledgable and conscientious estate and trust attorney. She has the best interest of her clients in her mind and seeks to understand what her clients need. She excels at implementing effective means of safeguarding her clients' assets and minimize their estate taxes. Besides being an exceptional attorney, she is also a kind and considerate person. She is truly an asset to the legal community.”