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Making a Solid Estate Plan

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 decisions is one of the key factors in minimizing the change of disputes, but also documenting that you were of sound mind when you made your decisions.

As you go through the estate planning creation process with one of our probate attorneys in Philadelphia, it is important to consider the needs and wants of your heirs. Are there items that you have that may be important to one family member but not to another, such as a piece of jewelry? Do you have family members that struggle financially that often need your assistance, but other family members who are financially secure? And if you own multiple properties, is there a family member who has the desire and financial ability to take over ownership of the home compared to another member who has no interest at all in it? These are the types of issues that you should consider when deciding how your estate should be distributed.

Once you have made your decisions, the next important step is to explain to your family why you made the decisions you did. Hearing this from you, along with why, is much better than finding out after you have died during the reading of your will. Having regular discussions with family members can go a long way in avoiding a contested estate and family fighting when you are gone.

Even after taking the above steps, there is still a chance that a family member will be unhappy with your decisions and still attempt to contest your will when you are no longer here. This is another reason why it is crucial to keep good records, as well as work with one of the skilled Philadelphia probate attorneys from our firm when it comes to actually drafting all the documents for your estate plan.

You also want to choose someone you can trust to follow your wishes as the executor of the estate. This can be a family member, friend, attorney, or other professional.

At Klenk Law, we know the process of estate planning can be daunting. For beneficiaries and executors, resolving an estate can be incredibly stressful. To mitigate problems down the road and ensure that your wishes are carried out as intended, reach out to our probate attorneys in Philadelphia.

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Maggie K

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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Ronald W.

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

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Chantee C.

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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Sharon S.

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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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.

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