Posted on Sun Feb 2, 2025, on Estate Planning
From Our “Ask a Question” Mailbag: “What are the major tax changes for 2025?”“ Major Tax Changes for 2025 Including Some Updates. Each year brings fresh hope for a better, brighter new year. And changes to the tax code. What is new and exciting in the world of taxes? I […]
Klenk Law
Posted on Mon Jul 15, 2024, on Estate Planning
From Our “Ask a Question” Mailbag: “My husband may have an illegitimate child from before he met me. Would this child inherit from my husband and take away from my other children’s inheritance? How can I protect my family from the possibility of a claim from an illegitimate child in […]
Klenk Law
Posted on Fri Jul 12, 2024, on Estate Planning
From Our “Ask a Question” Mailbag: “I want to start giving cash gifts to my children and grandchildren yearly. I know there is a Gift Tax Exclusion amount I can give away over my lifetime without paying any tax, but I am not sure how the Gift Tax works. How […]
Klenk Law
Posted on Thu May 9, 2024, on Estate Planning
From Our “Ask a Question” Mailbag: “I am a young professional considering whether I need a Will. I have some assets I would like to protect, but I am not what is necessary at this point in my life. What other factors should I consider when making this decision? How […]
Klenk Law
Posted on Thu Apr 25, 2024, on Estate Planning
From Our “Ask a Question” Mailbag: “I am considering developing an estate plan and am collecting information about my assets for my family. My children will know about my house and bank accounts, but I have also invested in Cryptocurrency. How will my Executor or Agent access my Cryptocurrency after […]
Klenk Law
Posted on Thu Apr 11, 2024, on Estate Planning
What to Do if The Executor is Ignoring You Hello. Today we’re going to talk about what to do if an executor is ignoring you. It’s very irritating when this happens. So what’s the situation? Typically, somebody has died, then you are the beneficiary of the estate. It might […]
Klenk Law
Posted on Fri Mar 1, 2024, on Estate Planning
From Our “Ask a Question” Mailbag: “My mother gave me a cash gift early this year. Do I need to report this on my income tax return? Is a gift subject to income tax?” Is a Gift Subject to Income Tax? At the end of the year, it is not […]
Klenk Law
Posted on Fri Jan 26, 2024, on Estate Planning
From Our “Ask a Question” Mailbag: “I recently provided information to a genealogy website. If this website were to identify an unknown child of mine, would this child inherit from me and take away from my other children’s inheritance? How can I protect my family from the possibility of a […]
Klenk Law
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
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
Daniella was fantastically wonderful. A joy to be around and filled our conversations with so much educational knowledge. I’ve learned so much from her about being a great person and I can’t wait to work with her again
Very knowledgeable and easy to work with. Also very competitive pricing. Recommended to me by another attorney. First class service from start to finish.
Very easy to deal with. Like the fact they are focused on estate planning and their expertise in this area shows. Peter and staff were helpful and easy to communicate with.
Wonderful Experience working with the team
My family and I was pleased with the service, and insight of Klenk Law. All of our questions and concerns were patiently answered. I will be referring this firm to many family and friends to assist with real estate planning etc. Thank Klenk Law
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