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PASRICHA & PATEL
Protect your family, assets, business interests, and future with a plan built around your goals.
Pasricha & Patel advises individuals, families, business owners, trustees, beneficiaries, and fiduciaries on estate planning and administration matters across New York and New Jersey.
- Estate plans tailored to personal and family goals
- Wills, trusts, and incapacity planning
- Probate and estate administration guidance
- Family business succession strategies
- Elder law and special needs planning
Request an Estate Planning Consultation
Thoughtful Planning for Life’s Important Decisions
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Serving Clients Since 1995
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New York and New Jersey Offices
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Guidance for Families and Business Owners
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Planning, Probate, and Administration Support
We are committed to providing peace-of-mind to clients seeking legal protection for the futures of their families and assets.
Pasricha & Patel is committed to providing peace-of-mind to clients seeking legal protection for the futures of their families and assets. Our diverse and experienced team of dedicated legal professionals understands the need to mitigate potential disputes that may arise in the future. Pasricha & Patel offers a diverse range of legal services within our Trust & Estates department that help preserve accordance between families, individuals and corporate trustees, beneficiaries and heirs-at-law.
Our Trust & Estates Law section provides a range of legal services in the following areas:
For any further questions regarding legal assistance in trust and estate planning, please feel free to contact our firm and discuss these matters with our team of professionals.
What Is Trust and Estate Planning?
Trust and estate planning helps you decide how your assets, healthcare wishes, family responsibilities, and business interests should be managed during your lifetime and after your death.
An Estate Plan May Include
- A last will and testament
- Revocable or irrevocable trusts
- Powers of attorney
- Healthcare directives
- Beneficiary planning
- Guardianship instructions
- Business succession documents
- Tax and charitable planning
When Should You Update Your Estate Plan?
Review your plan after:
- Marriage, divorce, or remarriage
- The birth or adoption of a child
- A major change in assets
- Starting, selling, or transferring a business
- Moving between New York and New Jersey
- Changes in health, beneficiaries, or family relationships
Wills, Trusts, and Estate Administration
These tools and processes serve different purposes but often work together as part of a complete estate strategy.
Wills and Trusts
A will can name beneficiaries, appoint an executor, and provide guardianship instructions. A trust can hold and manage selected assets under terms established by the person creating it.
Some clients may need both, depending on their assets, family circumstances, privacy concerns, and planning goals.
Book a Wills and Trusts consultation to explore which documents may fit your circumstances.
Probate and Estate Administration
Probate generally confirms the validity of a will and authorizes an executor to administer the estate. When someone dies without a will, a separate administration process may apply.
New York matters generally proceed through the Surrogate’s Court in the county where the deceased person lived. In New Jersey, uncontested probate and estate matters are commonly handled through the appropriate County Surrogate.
Estate Planning Beyond Wills and Trusts
A complete plan may need to address business ownership, long-term care, vulnerable beneficiaries, and family responsibilities.
Family Business Succession
Succession planning can help establish what happens when an owner retires, becomes incapacitated, dies, or transfers control.
Planning may involve:
- Buy-sell agreements
- Ownership transfers
- Management succession
- Family governance
- Coordination with wills and trusts
Elder Law and Long-Term Care Planning
Planning may address future healthcare decisions, incapacity, asset management, retirement concerns, and long-term care needs.
Special Needs Planning
Special needs planning can help families provide long-term support for a loved one with a disability while considering eligibility for means-tested public benefits.
Why Does State-Specific Estate Planning Matter?
Trust & Estates Law in New York and New Jersey can differ in court procedures, estate administration, taxes, document execution, and fiduciary responsibilities.
State-specific guidance may be especially important when you:
- Live in one state and own property in another
- Move between New York and New Jersey
- Own a business in multiple jurisdictions
- Have beneficiaries living in different states
- Serve as an executor, trustee, or administrator
- Need to update older estate documents
Practical Example
A New Jersey resident who owns New York real estate may need a plan that considers property ownership, probate exposure, and administration requirements in more than one state.
Build a Plan That Protects What Matters Most
Whether you are creating your first estate plan, updating older documents, administering an estate, or planning for a family business, Pasricha & Patel can help you understand the next steps.
Estate Planning Guidance Across New York and New Jersey
- Edison, New Jersey
- New York City
- Long Island
Schedule an Estate Planning Consultation
Frequently Asked Questions
Do I need both a will and a trust?
Not everyone needs both. A will provides instructions for distributing assets and can appoint an executor or guardian. A trust may offer additional control over selected assets. The right combination depends on your family, property, and goals.
How does probate work in New York and New Jersey?
In New York, probate is generally filed in the Surrogate’s Court for the county where the deceased person lived. In New Jersey, uncontested probate matters are commonly handled through the County Surrogate. The exact process depends on the estate and whether a valid will exists.
How can estate planning protect a family-owned business?
Estate planning can coordinate ownership agreements, buy-sell provisions, management succession, and inheritance plans. This helps reduce uncertainty about who will own, control, or manage the business after a major transition.
What is special needs planning?
Special needs planning helps families arrange financial support and decision-making for a person with a disability. It may include a specially structured trust designed to complement, rather than unintentionally disrupt, eligibility for certain public benefits.
Who provides Trust & Estate Planning Services in New York and New Jersey?
Pasricha & Patel advises individuals, families, business owners, trustees, and beneficiaries on estate planning, wills, trusts, probate, estate administration, succession, elder law, and special needs planning.