Estate Planning in New Jersey and New York
At Garcia-Watts Law, LLC, we understand that estate planning is a vital aspect of securing your and your family’s future. Our dedicated attorney, Evelina E. G. Padilla, Esq., brings extensive experience and a compassionate approach to help you navigate the complexities of estate planning in both New Jersey and New York.
Why Estate Planning is Essential
Estate planning is not just for the wealthy—everyone can benefit from having a comprehensive plan in place. It ensures that your assets are distributed according to your wishes, minimizes potential conflicts among heirs, and can provide significant tax benefits. An effective estate plan can also help avoid the lengthy and costly probate process.
Our Estate Planning Services
Wills and Trusts
Creating a will or trust is foundational to any estate plan. Evelina E. G. Padilla, Esq., will work with you to draft these documents, ensuring they reflect your wishes and comply with state laws. A well-drafted will can outline your wishes clearly, while trusts can offer additional benefits such as avoiding probate and providing for minor children or individuals with special needs.
Living Wills and Health Care Directives
Planning for medical emergencies is crucial. We help you establish living wills and health care directives, which detail your preferences for medical treatment and appoint someone to make decisions on your behalf if you are unable to do so.
Powers of Attorney
Granting someone you trust the power of attorney ensures that your financial and legal affairs can be managed if you become incapacitated. We assist in drafting durable powers of attorney that provide peace of mind.
Understanding State-Specific Requirements
New Jersey
New Jersey has specific laws and regulations governing estate planning. These include the New Jersey Probate Code and various state tax considerations. New Jersey residents need to be aware of the state’s inheritance tax, which can affect the distribution of assets to beneficiaries.
New York
In New York, the estate planning process must comply with the New York Estates, Powers and Trusts Law (EPTL). Additionally, New York has its estate tax, which can impact the overall value of your estate. We will prepare your estate plan in accord with these state-specific regulations.
Florida
In Florida, the estate planning process must comply with Title XLII Estates and Trusts of the Florida Statutes. Florida residents must be aware of the cumbersome probate process in Florida and the benefits of estate planning which can avoid probate in many instances.
Why Choose Garcia-Watts Law, LLC?
Evelina E. G. Padilla, Esq., combines legal expertise with a personalized approach, understanding that every client’s situation is unique. We are committed to providing clear, compassionate guidance throughout the estate planning process, ensuring your wishes are honored, and your loved ones are protected.
Contact Us
To start planning your estate or to review and update your current plan, contact Garcia-Watts Law, LLC today. Schedule a consultation with Evelina E. G. Padilla, Esq., and take the first step toward securing your future.