Skip to Content

We are a Veteran Owned Business, providing 20% discounts for Veterans, First Responders, Elementary and High School teachers. Please contact us to set up a phone or Zoom meeting. Taking care of you and your family, It's What We Do!

Estate Lawyer Near Me Philadelphia: It’s What We Do!

Posted on Thu Apr 11, 2019, on Estate Planning

From Our “Ask a Question” Mailbag: “As an estate lawyer near me Philadelphia, can you explain the basic documents that make up an Estate Plan?”

Estate Planning When Children Live Far Away

Peter Klenk, Estate Planning Lawyer.

Three Documents In Every Estate Plan. An Estate Lawyer Near Me Philadelphia Explains:

Estate plans differ from person to person, but almost all plans include a Will, Power of Attorney, and Living Will. This post will talk about these three documents in a general fashion. If you want more in-depth information, follow this link to my estate planning articles Estate Planning Lawyer Philadelphia. Go ahead and read a bit, this page will be ready and waiting once you have the basics firmly in place.  

The Will.

The Will is a binding instruction as to who gets your probate property at your death. Further, it appoints your Executor. The Executor is the person who has the power to manage your estate. The Executor’s tasks include gathering your assets, paying creditors (including taxes), and carrying out your wishes. Also, the Will can nominate a Guardian for your minor children, set up protective trusts to keep money away from that pesky son and daughter-in-law and appoint funeral directors.

Follow this link for more information about Wills: Will Attorney Philadelphia.

A Power of Attorney.

A financial power of attorney is a document that grants another person the right to make financial decisions on your behalf. Typically, we hold this document in our safes. As soon as you sign a power of attorney the “Agent” can access your accounts, sell land, or make binding contracts. Most people only want the Agent to act if they are incapacitated. Therefore, we are instructed to give the Power of Attorney to the Agent ONLY if the client is incapacitated. This method allows you to have a Power of Attorney in case you ever become incapacitated, but the Agent has no access to it meanwhile.  If you have more questions, lets talk, we can be your Estate Lawyer Near Me Philadelphia.

Follow this link for more information about Powers of Attorney: Power of Attorney Lawyer Philadelphia.

The Living Will and Medical Power of Attorney.

Given the advances in medical care, it is essential you have both a Living Will and Medical Power of Attorney. Typically, these documents merge into one. The Living Will states your specific wishes with regards to removing medical care if your physician believes there is no hope for your recovery. A Durable Healthcare Power of Attorney appoints a person as your “Surrogate.” The Surrogate speaks for you on medical matters when you are unable. If you have more questions, we can be your Estate Lawyer Near Me Philadelphia.

Follow this link for more information about Living Wills: Living Will Attorney Philadelphia.

In Conclusion: Estate Lawyer Near Me Philadelphia.

Whether you are young, old, rich or not-so-rich, you should have an Estate Plan. Your wishes should be respected, but without some planning, the Rules of Intestacy take over, disregarding your intentions.

Let our Estate Planning Lawyers help walk you through what can be a confusing process. To begin with, call to speak to one of our Estate Planning Attorneys.  By all means, our lawyers are ready to answer your questions. In fact, feel free to contact our office for a free consultation. Ultimately our goal is to make the process as painless as possible!

Wills, Trusts, Probate, and Estate Litigation, It’s All We Do!

Tags:

Estate Planning, Estate Planning Attorney, Estate Planning Lawyer

Peter KlenkPeter Klenk

What Our clients are saying

Klenk Law Logo
Stars

D.P.

Like another reviewer, I contacted Peter through his website using the free consultation link, for a question regarding PA inheritance taxes. The question was quite technical and difficult to explain, and the answer was nowhere to be found on the web. Peter grasped precisely what I was asking, and provided a clear, helpful response (with a touch of humor) the very next day.

Klenk Law Logo
Stars

Klenk Law is an exceptional practice. Their fine lawyers and staff team up to produce excellent results for their clients. They excel at explaining the often cryptic laws and policies that govern estate planning right down to the complexities of the various "trust" frameworks. Peter himself manages each client together with his great team, and he has a rare quality to be both a walking encyclopedia of planning minutia and also one of the most likable lawyers I have ever had the pleasure of dealing with. He is truly generous in intellect and in his personal approach to getting the "big picture" for complex family structures. I trust him implicitly to help me make the right choices for the future. In short, Klenk Law is a gem of a firm.

Klenk Law Logo
Stars

A Google User

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.

Klenk Law Logo
Stars

AJK

Peter has done our family's trust and estate work since our children were born. He is not only extremely knowledgeable and honest but makes sure that our arrangements remain current with the changing legal landscape. I would give him my highest recommendation as a professional in his field.

Klenk Law Logo
Stars

Albert A.

You & your staff are the best thank you for everything.

Let us put our expertise to work for you.

Free consultation within 24 hours.