Posted on Thu Jul 14, 2016, on Probate and Estate Administration
From our “Ask a Question” mailbag: My father remarried and then recently died, how do I locate the Will? I’ve tried to get His wife to produce his will but she will not respond to my calls, he lived in in Bucks County.
Klenk Law
Posted on Thu Jul 7, 2016, on IRA Trust
The IRA Trust, An Underutilized Estate Planning Tool.
To ensure that your money passes on only to your direct descendants, consider forming an IRA Trust.
All qualified plans (IRA, Roths, 401ks, SEPs, TIAA-CREF, etc.) allow you to name a beneficiary to receive the plan at your death. But, if this person is your child, they will have the chance to defer income tax recognition by converting the plan into an “Inherited IRA”. BUT, with an “Inherited IRA” your child, not you, has the ability to name a beneficiary. And it is likely this beneficiary will be your daughter-in-law or son-in-law rather than your grandchildren.
Klenk Law
Posted on Thu Jun 30, 2016, on Life Insurance
Ask a Question” mailbag: I need life insurance as part of my estate plan to cover the cost of my son’s college tuition and pay off the mortgage. What policy best fits my needs?
First, focus on the reasons for why you are purchasing life insurance. Life insurance is an excellent Estate Planningtool, but only if you are clear as to its purpose.
Klenk Law
Posted on Mon Jun 27, 2016, on Estate Planning
From our “Ask a Question” mailbag: “My mother lives in Philadelphia and is getting divorced. Does she need an estate lawyer in PA? Does divorce and estate planning go together?”
Klenk Law
Posted on Fri Jun 24, 2016, on Medical Power of Attorney Living Will
From our “Ask a Question” mailbag addresses the issue of combining a medical power of attorney and divorce.
“I gave my wife my medical power of attorney and divorce started soon after. During our divorce proceedings, does my wife still have the power to pull my plug?”
Klenk Law
Posted on Thu Jun 23, 2016, on Estate Litigation
From our “Ask a Question” mailbag addresses what to do if the executor refuses to file the Will:
“My sister refuses to file my mother’s Will. She moved into the house and won’t return my calls. What can I do? Should I hire an estate litigator?”
Klenk Law
Posted on Mon Jun 20, 2016, on Intestacy, Dying Without a Will
Our “Ask a Question” mailbag, addresses the issue of what if you die without a Will.
“My Mom died without a Will as a widow in Philadelphia. How do I sell her home?”
Klenk Law
Posted on Mon Jun 20, 2016, on Prenups and Prenuptial Agreements
From our “Ask a Question” Mailbag: Does a Prenup Agreement cover what happens if I die during my marriage?
Klenk Law
Posted on Fri Jun 17, 2016, on Power of Attorney
From our “Ask a Question” mailbag: “After a 10-year relationship my Partner and I have parted ways. Previously, I gave him a General Durable Power of Attorney, but now he won’t return my Power of Attorney. Can he use this to empty my bank account?”
Klenk Law
Posted on Wed May 11, 2016, on Life Insurance
The “Ask a Question” mailbag addresses the question, how much life insurance do I need?
“How do I calculate how much life insurance do I need as part of my estate plan? My principal goal is making sure I provide for my children until they graduate from college.”
Klenk Law
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!
"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
We have been using Klenk law for a decade. Always good advice and fast execution. Highly recommended!
Peter Klenk was a joy to work with. He made sure I understood every element of the process of estate planning and his firm made the process seemless and uncomplicated. Very grateful!
Jackie was fantastic! She helped prepare our will, her professionalism and organization was top notch! We highly recommend Jackie and Klenk Law.
We had an excellent experience. Everyone was very personable, professional and efficient.
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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