Frequently Asked Questions
What does an estate planning attorney do?
We counsel you on the best way to arrange your affairs and documents so that your assets and loved ones are protected. This includes drafting wills and trusts, designating power of attorney for financial and healthcare decisions, and advising on tax-efficient strategies to transfer wealth. Essentially, we make sure all legal paperwork is in place to carry out your wishes.
At what age should I start estate planning?
Estate planning is not just for the elderly or the very wealthy. Any adult who has assets or dependents should consider at least a basic plan. Many clients start in their 30s when they buy a home or have children. However, it’s never too early—even younger adults can benefit from powers of attorney and healthcare directives. The key is to update your plan as your life changes.
What happens if I don’t have an estate plan in California?
If you pass away without a will or trust (intestate), California law will determine who inherits your property. This may not align with your wishes. Also, your estate will likely go through probate, which can be time-consuming and public. Having even a simple will in place ensures you, rather than the state, decide who gets what. We often highlight to clients that an estate plan spares your family stress and potential conflicts.
How often should I update my estate plan?
Review your estate plan every few years, or whenever major life events happen (marriage, divorce, birth of a child, significant change in assets, moving to a new state). Laws can also change—for instance, a new tax law or proposition might impact your plan (e.g., changes in property tax rules like Prop 19). We offer periodic reviews to our clients to keep plans current.
Do I need both a will and a trust in California?
Often, yes. A will is essential to name guardians for minor children and serve as a backup for any assets not in a trust. A living trust is highly recommended in California if you own a home or have substantial assets, as it allows those assets to bypass probate. The combination of a will (sometimes called a “pour-over will” with a trust) and a living trust is a common strategy we use to fully protect an estate.
Let’s Build the Right Plan for Your Future
When you work with the Law Offices of Yacoba Ann Feldman, you receive trusted guidance tailored to your goals and backed by decades of experience. We serve individuals and families throughout Woodland Hills, Calabasas, Northridge, Tarzana, and the greater San Fernando Valley.
Ready to secure your future?