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 Thu Mar 31, 2022, on Uncategorized
It is very common for people to believe that estate planning is only for the wealthy. Here’s why that’s not true, and why it matters to you. When anyone—not just a wealthy person—creates an estate plan, they are empowering themselves by taking control over crucial decisions in their life. These […]
Klenk Law
Posted on Fri Mar 25, 2022, on Revocable Trusts and Living Trusts
Can I Revoke or Terminate a Revocable Living Trust? A revocable trust is flexible, so it remains a popular estate planning choice for individuals and families. Unlike an irrevocable trust, you can add or remove assets held in a revocable trust at any time. Furthermore, the trustee is you, most […]
Klenk Law
Posted on Fri Mar 25, 2022, on Uncategorized
The majority of contested estates and wills occur because one or more family members are not happy with how the decedent’s estate is to be distributed – more specifically – how that distribution will affect them directly. Making sure your family understands the reasons for your decisions and respecting those […]
Klenk Law
Posted on Fri Mar 25, 2022, on Uncategorized
One of the main purposes of this meeting is to not only tell the attorney about the case but to make decisions about hiring the probate attorney. Bring a list of questions to ask the attorney about his or her experience. Questions may include how long the attorney has practiced […]
Klenk Law
Posted on Fri Mar 25, 2022, on Uncategorized
Whether you are planning for your future or in the process of resolving the estate of a loved one, it may be in your best interest to enlist the assistance of Philadelphia probate attorneys you can trust. Our team at Klenk Law knows the process of probate can seem not […]
Klenk Law
Posted on Mon Jan 24, 2022, on Uncategorized
If the idea of preparing a will feels overwhelming, know that you are not alone. For many people, it is a daunting task to not only create a legal document, but have to think about a time when you are no longer here with those you cherish most. Writing a […]
Klenk Law
Posted on Fri Jan 7, 2022, on Uncategorized
If you’ve been named a trustee, you should get in touch with a trust administration lawyer. Trust administration is a serious process, and if you fail to follow all the steps in accordance with the last wishes of the decedent, you could be sued. As a trust attorney, like one […]
Klenk Law
Posted on Mon Dec 13, 2021, on Uncategorized
Simple Steps to Avoid Probate Probate, which is the process of transferring a deceased person’s property to living people, can cost thousands of dollars and take several months, even when no one is contesting the outcome. When families disagree about what should happen to a decedent’s estate, legal costs skyrocket […]
Klenk Law
Posted on Thu Dec 10, 2020, on Probate and Estate Administration
From Our “Ask a Question,” Mailbag: “I am the executor of my father’s estate. My father gave me the house, and the rest is divided equally between my two sisters and me. My sisters are angry about this. They refuse to sign the family settlement agreement and keep threatening to […]
Klenk Law
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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!
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"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
Our experience with Klenk Law has been exceptional. We’ve had help with estate planning and pre-nuptial agreements. They really take the time to explain everything and let us know our options. All of the staff are very professional, courteous and knowledgeable. They are very prompt with responding to calls and messages. We will continue to use them and recommend to friends and family.
I've been through the process of creating and revising estate documents several times over the years and it's never been easier than it was with Peter Klenk. Always available and a master at explain arcane tax and legal issues in plain English for "dummies". I recommend the firm without reservation.
The whole process of ensuring that I can provide my mother her wishes upon her death, was made easy by working with the team at Klenk Law. I received my documents quickly and properly.
very happy to deal with Peter Klenk law firm over many decades
Peter Klenk was great at explaining complicated issues and making them understandable. He and his team were extremely efficient and I highly recommend them for the creation of wills and trusts.
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