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
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 Mon Oct 30, 2023, on Estate Planning
From Our “Ask a Question” Mailbag: My father passed away recently. As far as we knew, he never drafted or signed a Last Will and Testament. My father’s girlfriend and I were going through his home office after his passing. We found a piece of paper that described where he […]
Klenk Law
Posted on Fri Sep 2, 2022, on Estate Planning
How to pick an Executor is an important question. The Executor “executes” your plan. You may have the best possible Will and Estate Plan, but if the person you put in charge of implementing your system fails to follow your terms, the entire well-thought-out plan can crumble into expensive litigation.
Klenk Law
Posted on Fri Jan 21, 2022, on Estate Planning
Real Estate Whether buying a home, land, or other property it’s important to understand the problems that could arise from the transaction. While many real estate transactions go smoothly with little-to-no problems there are some real estate deals that don’t fully align. When different issues arise it’s important to know […]
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
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.
We recently used Peter's firm to update our wills and trusts. We found he and his staff to be well-informed, professional and highly efficient. And equally valuable, Peter explains the law in terms that a layperson can readily understand.
Peter Klenk was great in leading us in the estate planning process.He was clear in describing the various steps and what they would accomplish. We were well satisfied and pleased that we had Peter to guide us.
When it came down to picking the right attorney to handle my affairs, I knew right away it was this firm. From speaking to their secretary to speaking to Peter I knew I was making the right decision. After only a few mins Peter knew right away what I was looking for and handled all my questions professionally and even gave me great feedback that put my mind at ease. All that without even giving a single penny! So of course I hired him! So far so good...
Very knowledgeable! Peter Klenk always has a thorough answer, and the associates have more experience than you'll find at most firms. They really only do estate work.
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