The Connections Warren-Watchung Edition Apr/May 2025

THE WARREN-WATCHUNG CONNECTION

PAGE 14

APRIL/MAY 2025

Is Your Estate Plan Updated for 2025?

LAWYER’S VIEW Why You Need an Estate Plan Now: Protecting What Matters Most By Gail Abrams, Attorney at Law

H

ave you ever thought about what would happen to your fami ly if something unexpected happened to you? It’s a difficult thought, but it’s a cru cial one. Without an estate plan in place, you risk leaving your loved ones in an emotional and financial whirlwind. The good news is that planning ahead can give you peace of mind and protect ev erything you’ve worked so hard for.

your loved ones—your spouse, children, or even elderly parents. Without a plan, they could face confusion and heartache over things that you could have organized ahead of time. Your estate plan is an act of love, one that makes sure your fami ly is cared for and doesn’t have to make difficult decisions without your guidance. The best time to start planning is now. Don’t wait for a crisis to make these cru cial decisions. Taking action today en sures that your wishes are respected and that your family is protected, no matter what comes your way. Contact us today to start building your estate plan. It’s more than just paper work—it’s the peace of mind of knowing you’ve done everything to protect what matters most. Let us help you navigate this journey with confidence. Your family deserves it. The expertise of a seasoned Estate Attorney and Financial Advisor can make all the difference. Prepare for tomorrow, today.

Custom Drafted Estate Plans To Fit Your Individual Needs

• Tax Bomb: 2025 Estate Tax Exemption will change under the Sunset Provisions. Are You Protected for these Tax Law changes in 2025? • Learn how to correctly designate beneficiaries in a Will, Trust or Custodian document. • Learn Legal Strategies how to minimize taxes on Retirement Accounts with the 10 year rule under the Secured Act. • Are You Prepared for the Unthinkable? • Is Your Estate Plan Complete? • Do You Have an Estate Plan? • Do you have Minor Children? Who will take care of them if you get Sick or Pass Away Unexpectedly! • Do you Have Pets? If so consider a Pet Provision in your Trust or Will. • Who can Legally Make your Healthcare and Financial Decisions should you become Incapacitated? ------------------------------------------------------------------------------ With over 30+ years in the business, I know what matters! We will custom draft your plans to fit your personal needs.

An estate plan isn’t just for the wealthy or elderly—it’s for anyone who wants to ensure their family is cared for in the event of their passing or incapacity. It’s about more than just distributing assets; it’s about making decisions that will guide your loved ones through tough times without added stress. Imagine this: If something happens to you, who will make medical or financial decisions on your behalf if you can’t? Who will care for your children or pets? If you have a will, is it up-to-date and re flective of your current wishes? These are the questions that an estate plan answers, providing clarity and guidance during difficult moments. An estate plan typically includes key documents like a will, healthcare di rectives, powers of attorney, and trusts. These documents help ensure that your financial and personal decisions are in line with your wishes, no matter what the future holds. With the right plan, you can avoid costly legal battles, minimize taxes, and protect your assets for future gener ations. The emotional impact of having an es tate plan is significant. It’s about protect ing your family’s well-being. Think about

The good news is that planning ahead can give you peace of mind and protect everything you’ve worked so hard for.

At the law firm of Gail L. Abrams Gail L. Abrams in Watchung, NJ we offer solutions for pre serving your assets for you and your fam ily including comprehensive Estate Plan ning, Investment Management, securing your Retirement Planning, and much more. We take the time to ensure you are comfortable and understand your estate planning choices. KISS: Keep it Simple and Secure! Do not wait until something happens in an instant. Make informed decisions regarding your Estate Planning and financial affairs. Contact the law firm of Gail L. Abrams for a consultation today at (908) 753-4155 or email us at gabrams@siafinancial.com

• Last Will & Testaments • Revocable Living Trusts Living Wills • Powers of Attorney for Assets & Healthcare

Gail L. Abrams Attorney at Law 908-753-4155 7 Johnston Drive, Watchung, NJ

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