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Charity Babington Falls

Founder/Managing Partner
About Ojai
Naomita Yadav

Charity advises business owners, executives and families on sophisticated tax and multigenerational wealth planning in a boutique firm setting.

She brings more than twenty years experience advising families and businesses as private legal counsel, as corporate tax counsel, and as a consultant in banking and private wealth environments. Her work reflects a steady, thoughtful approach shaped by leadership roles at national financial institutions and deep technical knowledge in tax and estate planning.

She began her career as a law clerk for the Chief United States District Court Judge Graham Mullen in the Western District of North Carolina, where she wrote a published opinion addressing whether tax attributes inure to a bankruptcy trustee. In addition to her work as a trusted advisor to her clients, she has continued to speak and publish regularly on topics spanning tax and estate planning, and has been featured in various news publications.

Areas of Practice

  • Holistic planning for owners of privately-owned businesses
  • Private client tax planning
  • Estate and wealth transfer planning
  • Advisor to executors and trustees
  • CA property tax
  • Family office advisory

Education

  • University of San Diego School of Law, LL.M. (Taxation)
  • University of San Diego School of Law, J.D.
  • University of North Carolina at Charlotte, B.A., Philosophy, magna cum laude

Admissions & Licenses

  • California
  • North Carolina
  • Certified Financial Planner®

Professional and Community Involvement

  • Co-Founder Ojai Tax Law LLP
  • Court Appointed Special Advocate (CASA) for foster youth
  • 2025 Faculty, Hawaii Tax Institute
  • Board Member, Casa Cornelia Law Center
  • Board Member, Beach and Bay YMCA

Thought Leadership

Presentation/Talks

  • Hawaii Tax Institute, “Deathbed Planning and Ethical Considerations”
  • CalCPA Estate Planning Committee, Trustee Selection – Planning and Pitfalls
  • KPMG KNOW West Coast, “Topics in Wealth Management for Women”
  • “Can You Trust Your Trustee?” Union Bank Private Bank Client Event
  • “Guiding Adult Children on Their Financial Journey,” Union Bank Private Bank
  • “Top Wealth Management Questions,” Union Bank Private Bank
  • “United Government and Taxes,” Union Bank Private Bank
  • “Election 2020,” Virtual Client Town Hall, Union Bank Private Bank
  • Rady Children’s Hospital Professional’s Symposium, “Trustee Selection & Pitfalls”
  • “Donor Advised Funds, Information and Trends,” Union Bank Private Bank
  • “The Presidential Candidates’ Tax Proposals through a Historical Lens,” Union Bank Private Bank
  • “COVID Stimulus Legislation to Date,” Union Bank Private Bank
  • “Paycheck Protection Program,” Union Bank Private Bank
  • “Wealth Planning Review,” 10 Questions to Ask Now,” Union Bank Private Bank
  • San Diego Zoo (Donor Event), “Lions, Tigers and Heirs…Oh my!”
  • “Duties and Responsibilities of Trustees,” Union Bank Private Bank
  • University of San Diego Nonprofit Governance Symposium, “Prudent Investment Standard”
  • “Duties and Responsibilities of Trustees,” Union Bank Private Bank
  • Union Bank Private Bank Women and Wealth Events - Estate Planning Developments
  • “Tax Cuts and Jobs Act of 2017,” Tax Reform Focus Events, Wells Fargo Private Bank
  • “Women in Transition,” Wells Fargo Private Bank
  • “New Voidable Transactions Act,” Wells Fargo Private Bank
  • “California Property Tax, Wealth Transfer Considerations,” Wells Fargo Private Bank

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Author/Contributor

  • Deathbed Planning and Ethical Considerations, Hawaii Tax Institute [link]
  • Formation of Joint Ventures Taxed under Subchapter K, Thomson Reuters, Checkpoint Catalyst
  • Corporate Reorganizations, Stock for Stock (Type B), Thomson Reuters, Checkpoint Catalyst
  • Step Transaction Doctrine, Thomson Reuters, Checkpoint Catalyst
  • “Overview of Stimulus Legislation in Response to COVID-19”
  • “How to Financially Thrive After Divorce”
  • “Does Your Wealth Plan Need a Check Up? 10 Questions to Ask”
  • “Sweeping Changes Coming to Retirement Planning in 2020” (SECURE Act)
  • Rady Children’s Hospital Professional’s Symposium, “Trustee Selection & Pitfalls”
  • “Overview of Stimulus Legislation in Response to COVID-19”
  • “Marriage Equality One Year Later”
  • “Charitable Strategies Overview”
  • “The Supreme Court Rules for Marriage Equality”
  • “Your Confidence Roadmap during Market Volatility”