Posted on Thu Jan 11, 2024, on Estate Planning
From Our “Ask a Question” Mailbag: “I would like to give my children a cash gift this year, but I hear it might be subject to Gift Tax. Is that true? How does the annual Gift Tax exclusion work?” What is Annual Gift Tax Exclusion? In short, the annual gift […]
Klenk Law
Posted on Wed Jan 10, 2024, on Estate Planning
From Our “Ask a Question” Mailbag: “Last year, I gave each grandchild the 2023 Annual Gift Tax exclusion of $17,000.00. What is the IRS Gift Tax Annual Exclusion for 2024?” IRS Gift Tax Annual Exclusion Rate for 2024. Now that 2023 is in the rearview mirror, it is time to […]
Klenk Law
Posted on Tue Jan 9, 2024, on Probate and Estate Administration
From Our “Ask a Question” Mailbag: “Do all my things at death pass through Probate? Are there not assets that typically avoid probate?” Assets That Typically Avoid Probate. Several assets typically avoid probate. These include Life Insurance, Jointly Held Assets, IRAs, 401ks, Transfers on Death Accounts, Assets with Beneficiaries, and […]
Klenk Law
Posted on Mon Jan 8, 2024, on Probate and Estate Administration
From Our “Ask a Question” Mailbag: “I am getting older, and when I die, I want the process to be as easy as possible for my children. What steps can I take to make the process painless? What are your suggestions on how to prepare for Probate?” How to Prepare […]
Klenk Law
Posted on Fri Dec 15, 2023, on Estate Litigation
From Our “Ask a Question” Mailbag: “My mother’s estate has been open for over a year. The Executor will not return my calls. Please explain to me how to remove an executor in Pennsylvania.” How to Remove an Executor in Pennsylvania? Is an Executor in Pennsylvania not carrying out their […]
Klenk Law
Posted on Mon Dec 11, 2023, on Medical Power of Attorney Living Will
From Our “Ask a Question” Mailbag: “My husband has been diagnosed with dementia. We want to put things in order while he perfectly understands what we are doing. What should we do about Estate Planning After a Dementia Diagnosis?” Estate Planning After a Dementia Diagnosis; What to Do. Receiving your […]
Klenk Law
Posted on Sat Dec 9, 2023, on Trusts
From Our “Ask a Question” Mailbag: “Can a Trustee Remove a Beneficiary From a Trust?” Can a Trustee Remove a Beneficiary From a Trust? In general, a Trustee cannot remove a beneficiary from a Trust. However, the Trust language may allow the Trustee to remove a beneficiary or reduce distributions. […]
Klenk Law
Posted on Thu Dec 7, 2023, on Estate Planning
How Divorce Impacts Estate Planning Divorce can be difficult emotionally and financially. One important task to remember during a divorce is ensuring your estate plans are tailored to your new situation. As you consider and plan for your new post-separation life circumstances, do not overlook the future and the inevitable […]
Klenk Law
Posted on Wed Dec 6, 2023, on Probate and Estate Administration
From Our “Ask a Question” Mailbag: “My Grandmother died last year, and I believe I am in her Will, but I have not received any notifications. Who Contacts Will Beneficiaries?” Who Contacts Will Beneficiaries? If a deceased person dies with assets that pass through a Will, the document must be […]
Klenk Law
Posted on Fri Dec 1, 2023, on Estate Litigation
From Our “Ask a Question” Mailbag: “The Executor of my mother’s estate will not return my calls. What to do if Executor is Ignoring You?” What should you do if the Executor Ignores you? An Executor owes heirs a fiduciary duty. This doesn’t mean that they have to keep you […]
Klenk Law
Peter Klenk is the founding member of Klenk Law, a seven attorney boutique estate planning law firm. We serve clients in Pennsylvania, New Jersey, New York, Minnesota and Florida. Peter Klenk received his Masters in Taxation LL.M. from NYU Law School and his J.D. from the University of Minnesota Law School. He served his country in the Navy JAGC during Desert Storm. Easy to talk to, feel free to call Peter for an appointment. We will make the process as easy as possible!
"I worked for Peter Klenk for 4 wonderful years. I can’t speak highly enough of everyone at the firm. Everyone truly cares about their clients and has a strong sense of responsibility to get things done right. I would highly recommend Klenk Law!"
Flora Novick
I met Peter soon after he started his practice in Philadelphia, PA. He and his team have always been there for me and my various inquiries throughout my life-changing events, corporate relocations. I have lived in various cities throughout the nation, I have never had a problem in contacting Peter or a member of his team. He and his office responds quickly and returns calls to me to fulfill my requests for information or to revise my estate needs while posing relevant thought-provoking questions that I need to consider to secure my future. One of Peter's best qualities is his ability to answer clients complicated questions in a simple way to ensure comprehension.
Peter Klenk is an extraordinary attorney with positive guidance and knowledge for all of your Trust and Estate needs. We have used him for over 20 years.
Affable...yet surprisingly cerebral estate planning atty. High marks all the way around.
Answered my question quickly and referred me to a colleague that could handle my problem
Peter Klenk & Associates is my go-to firm for estate planning and advice in probate and estate administration. Peter and his attorneys are top-notch and exceptionally responsive. Peter has the knack of being able to explain extremely complex tax and estate planning issues in a manner that clients are easily able to understand and comprehend allowing them to confidently make important decisions.
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