Skip to Content
Klenk Law

Free Consultation

Call Today: 215-790-1095

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!

Call Today: 215-790-1095
Free Consultation
Call Today: 215-790-1095
Free
Consultation
Klenk Law

How do I make sure there is an inheritance leftover for family once my partner dies?

Posted on Wed Oct 14, 2015, on LGBT Estate Planning

From our “Ask a Question” Mailbag: Philadelphia LGBT Trust Planning for the Future

Most Recently Updated July 22, 2018.

“I want to leave my long time partner my house. However, at his death I want it sold so the money can pass to my nieces. How can I make sure this happens?”

Philadelphia LGBT Trust Planning for the Future

Philadelphia LGBT Trust Planning for the Future

This is a common issue with LGBT couples. Often, one partner owns the house and—though they want their partner to be able to live in the house until the partner’s death — there is a concern about putting the house into the surviving partner’s name.

One option that often works well is to form a trust in your will into which the house passes at your death. If drafted correctly, the partner can live in the house, but the house itself is then sheltered from the surviving partner’s creditors and other future legal “complications.” At the surviving Partner’s death, you can then spell out in the trust what happens to the house.

There are other options, but the best way to sort out what answer best fits your situation is to have a free consultation. We can review your assets and your concerns about your Partner and you can then decide which, if any, of the options satisfy your specific situation.

More Planning Questions?

The trust document is only a piece of the Estate Planning process. By all means, if you want to learn more, please read my more detailed article, Estate Planning Everything You Need to Know.

In Conclusion: Philadelphia LGBT Trust Planning for the Future

I hope that this article was helpful in explaining trusts. Further, I included links to even more detailed information on my website so you can learn more. Therefore, please contact me and let me know how I did. Certainly, your comments and questions are welcome!

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 experienced estate planning lawyers.  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, LGBT, LGBT Estate Planning, Pennsylvania, Philadelphia, Trusts

Peter KlenkPeter Klenk

Categories

Subscribe

Free Consultation

    PRIVACY STATEMENT

    "No mobile information will be shared with third parties/affiliates for marketing/promotional purposes. All the above categories exclude text messaging originator opt-in data and consent; this information will not be shared with any third parties. It is for use in setting consultation only. We will call or email you to schedule. If you receive a text, you may OPT OUT by replying STOP back to 215.790.1095"


    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!

    Free Consultation

      Client Review

      "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
      Client Review

      Areas Served:

      Philadelphia PA, Allentown PA, King of Prussia PA, Montgomery County PA, Bucks County PA, Doylestown PA, Jenkintown PA, Marlton NJ, Moorestown NJ

      What Our clients are saying

      Klenk Law Logo
      Stars

      Glenn P.

      Peter Klenk ESQ is a thoughtful and capable attorney who we work with on estate planning issues. His firm recently provided us with new Wills, Power of Attorneys and our instructions regarding major health issues. These documents are important for estate and life planning. Peter and his team are masters in the complexities of Estate Law. We highly recommend Peter and his Associates to provide thoughtful advice and outstanding work on these complex issues of the law. Make sure your estate planning documents are up to date, and Peter can be relied on to do an excellent job. Well done Peter!

      Klenk Law Logo
      Stars

      Sharon A.

      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.

      Klenk Law Logo
      Stars

      Albert A.

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

      Klenk Law Logo
      Stars

      Dylan Small

      Peter provided outstanding advice and preparation of a will and trusts.

      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.

      Let us put our expertise to work for you.

      Free consultation within 24 hours.

      Phone Ringing CALL US
      Write Us WRITE TO US