Woodland Hills Estate Planning Attorney
Guiding CA clients through the estate planning process
Estate planning is for everyone, at all stages of life. It is for the young, the healthy, the elderly, the injured, those with special needs, new parents, growing and grown families, individuals and couples, married or not. We all have different needs and goals. The Law Offices of Yacoba Ann Feldman truly focuses on the individual needs and desires of each client. Our firm is experienced and knowledgeable regarding estate planning laws and provides comprehensive, personalized services so each estate plan reflects the goals and desires of each client. The Law Offices of Yacoba Ann Feldman proudly helps people in and around Woodland Hills prepare, plan and protect their future. If you need an experienced and compassionate law firm to guide you through your legal matter, contact our firm. We would be honored to assist you.
Preparing for the future is an important part of life. Though the idea may be overwhelming, developing a complete estate plan can help you secure your goals for the future of your estate and help your family focus on healing after you pass. A will may be the most important testamentary document one can execute. It will help you develop clear instructions for your estate and establish the person who will carry out your wishes, your executor. A will is important for everyone.
Thinking about planning for death can be overwhelming, but executing the right testamentary documents can help a person decide what happens to assets after he or she dies and assures that appropriate provisions are made for those who depend on you. Trusts and wills are the most widely recognized types of documents. The person who sets up a trust is referred to as the trustor, grantor or settlor. The person who benefits from a trust is the beneficiary. The person who manages the trust assets is called the trustee.
Families with loved ones considered special needs face different challenges with estate planning than other families. Planning one’s estate can go far beyond deciding who gets what assets. Sometimes it is thinking of what will happen to dependent individuals that need continued support after we pass. The Law Offices of Yacoba Ann Feldman is honored to work with families who have such needs. Our firm provides a comforting and inviting atmosphere to discuss the care of family members that cannot fully care for themselves.
Our pets are family members. Some of us know that when we die our pets will be cared for by family or friends but others feel the need to be more specific. California law recognizes that it may be appropriate in some circumstances to create a trust for the care and maintenance of pets.
Understandably, we all have wishes for how we should be treated at the end of our lives. Establishing clear and undisputable instructions if you ever become incapacitated not only ensures your wishes are followed, it ensures that medical records can be accessed in emergency situations, guiding your loved ones to make decisions which are in accord with your desires. Through an advance healthcare directive, you can do just that.
Estate planning is an important step for people to take. Granting power of attorney to another person is a part of planning for the future. Powers of attorney round out an estate plan to allow some flexibility to handle unforeseen circumstances when your ability to handle matters on your own is limited or compromised. A durable power of attorney can give you the peace of mind that your affairs will be handled even in the event of your incapacity.
Conservatorship is the court process for getting legal authority to make financial or personal care decisions for a person that cannot fully take care of themselves. Conservatorships are valuable tools for clients who failed to execute estate planning documents when able to do so or for developmentally disabled children who are legally adults under the law. Conservatorships should be personalized to address the specific needs of the incapacitated person. Some Conservatorships concern only the Person while others are only of the Estate and still others concern the Person and the Estate.
When planning one’s estate, the topic of life insurance may be something important to consider. One of the ways a person can protect the future of one’s assets and beneficiaries is through an irrevocable life insurance trust. The irrevocable life insurance trust is very effective and powerful estate planning tool. It is used most often when addressing estate tax issues. Other popular and effective uses include divorce planning and special needs trusts.
Many clients want to incorporate gifts to charity, religious institutions, or schools in their estate plan. If you do not have the funds to donate as much as you might want during your lifetime to your favorite organizations, you may still be able to provide for such gifts in your estate plan. Lifetime gifts and gifts at death do not need to be mutually exclusive. Our firm is honored to assist those who want to craft a legacy with a gift of any size, during lifetime or at death.
People create estate plans to provide for the future of their families and loved ones. No one wants to see their assets used to pay taxes unnecessarily. Estate tax planning involves working to protect your assets for your future beneficiaries. At The Law Offices of Yacoba Ann Feldman, we will create an effective strategy to minimize the estate’s federal tax obligations.
Preparing for your future is a very important step you can take to protect yourself when you and your spouse are preparing to divorce. Having an experienced and skilled estate planning lawyer on your side can help to minimize unforeseen surprises in the process. The Law Offices of Yacoba Ann Feldman understand that facing hard times can be difficult and emotional. Planning for one’s estate for an impending divorce can be overwhelming. It is important to protect yourself and your estate from the unknown.