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Klenk Law

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

Posted on Tue Apr 16, 2019, on Estate Planning

From Our “Ask a Question” Mailbag: “As an estate lawyer near me Doylestown, can you explain the estate planning documents suggested for someone getting married?”

Estate Planning When Children Live Far Away

Peter Klenk, Estate Planning Lawyer, an Estate Planning Lawyer Near Me Doylestown.

Estate Planning and Marriage.

Planning a wedding can be exciting and exhausting. While making the many necessary decisions, you can easily overlook addressing your estate plan. This can be a costly mistake. Marriage is many things. Marriage is most certainly a financial arrangement. With your vows come legally binding obligations. Put aside the decisions about venues, DJs, and where to sit that odd cousin and let’s talk estate planning. 

Estate Planning Before the Wedding.

  • Prenuptial Agreements: The second you are married the law assigns your spouse legal rights against your assets. Thus, whether you like it or not, you will always have a prenup. Either the court or you will determine the terms. It is better to have you define the conditions rather than some future judge. Prenups are common.  They address financial arrangements should you divorce or die.  The best time to sort out these details is before the wedding. If you cannot come to a business agreement when you are both happy and in love, then you may wish to give your relationship a second look. Economic issues are one of the most common stressors that cause failed marriages. Address these issues early and agree.  For more information, follow this link, Prenuptial Agreement Lawyer.  Why not have this conversation with an Estate Planning Lawyer Near Me Doylestown?

Estate Planning After the Wedding.

Now that you are married, you are an emotional and financial team. You likely rely on each other and, should one of you become incapacitated or die, your team needs a plan. 

  • What if One of You Dies? The Will.  Should you or your spouse dies, is the house protected from creditors? Have you decided on a guardian for your minor children? Do you have protective trusts set up for your spouse and children? An unexpected death is devastating, but don’t let it prove financially fatal. Set up a plan for your team. Have your team ready, and able to work with an Estate Planning Lawyer Near Me Doylestown.
  • What if One of You Is Incapacitated? 
    • A Power of Attorney. Car accidents and illnesses happen every day. If you are left unable to manage your assets, can your spouse speak for you? For example, say you both own the house, and your spouse wants to sell the home because he or she is unable to pay the mortgage without your income. Without a power of attorney granting your spouse the authority to sell your share, your spouse cannot sell the house. A Power of Attorney gives your spouse the ability to act for you financially. Most spouses want the Spouse-Agent to act if they are incapacitated. Therefore, we are often instructed to give the Power of Attorney to the Spouse-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.
    • Living Will and Medical Power of Attorney.  A medical power of attorney allows your spouse the ability to speak for your medical care. Further, it prevents other family members attempting to exert their opinions.

In Conclusion: Estate Planning Lawyer Near Me Doylestown.

Every married couple needs an Estate Plan. A detailed plan is especially vital when you have children. 

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!

Estate Planning Lawyer Near Me Doylestown.

It’s What We Do!

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Estate Planning, Estate Planning Attorney, Estate Planning Lawyer, Married Couple, Prenup, Prenuptial Agreement Attorney, Prenuptial Agreement Lawyer

What Our clients are saying

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I contacted Peter through his website using the free consultation link for a question regarding a will. While I was expecting only a few minutes, it was a lengthy conversation. He made sure he understood the situation by asking many questions before offering advice. He then went through my options and results of each one. He left it up to me to decide if I wanted to proceed and did not push me toward one or another. His website has very useful information which I definitely researched before I called him. While I decided not to proceed at this time, I feel I had enough information to make that decision. I would not hesitate to hire him should I need to in the future.

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I've worked with and known Peter Klenk and his associates for years. They are highly professional, diligent and truly experts in their field. By focusing on just wills, trusts, and estates, Klenk law has experienced every angle of estate planning and applied that knowledge to help prepare our clients with thorough and comprehensive documents.

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Stars

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.

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Peter recently gave a presentation about Wills & Trusts at my employer, and it was fantastic! He was extremely knowledgeable and provided valuable information to the group. People were very engaged and asked several questions, all of which Peter thoroughly answered. Personally, my husband and I have selected Peter to help us with our estate planning, and he has been very helpful in providing us with all of the information we need to provide a secure future for our family. Thank you, Peter!

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Peter and his staff are very responsive and always willing to help my clients and in a cost efficient manner.

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