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Choosing Your Executor in Delaware County, PA

Posted on Wed Oct 1, 2014, on Estate Planning

If you are a Delaware County resident with a will, following your death your executor will take your death certificate, the original copy of your will, a checkbook and an ID card to the Delaware County Register of Wills Office to be sworn in as the executor of your estate.

Being an executor means that this person is a fiduciary with many responsibilities and duties. Selecting the correct person for the job is a vital part of your estate plan.

Klenk Law

Bucks County Register of Wills Accepts Credit and Debit Cards

Posted on Mon Sep 29, 2014, on Probate and Estate Administration

The filing of your Bucks County Will with the Register of Wills just got easier.

The Bucks County Register of Wills, Don Petrille, announced that his office will begin accepting credit and debit cards for the payment of all office fees. The Clerk of the Orphans’ Court will also accept credit and debit cards for all court filings.

Klenk Law

Choosing Your Executor in Bucks County, PA

Posted on Sun Sep 28, 2014, on Estate Planning

If you are a Bucks County resident with a will, following your death your executor will take your death certificate, the original copy of your will, a checkbook and an ID card to the Bucks County Register of Wills Office to be sworn in as the executor of your estate.

Being an executor means that this person is a fiduciary with many responsibilities and duties. Selecting the correct person for the job is a vital part of your estate plan.

Klenk Law

Montgomery County Orphans’ Court Accepts Probate Electronic Filing

Posted on Wed Aug 27, 2014, on Probate and Estate Administration

Montgomery County Orphans’ Court Local Rule 3.7A states that the Clerk of the Orphans’ Court of Montgomery County shall now accept all legal papers and exhibits either by traditional paper filings or Petitions for Probate and other filings may be made by electronic filing through the Clerk of Orphans’ Court of Montgomery County Electronic Filing System.

Unlike other counties, Montgomery County chose not to change its filing rules so that all filing must be electronic by a certain date. This will be helpful for older practitioners who might need some time to modify their practice to include electronic filing. Over time, though, electronic filing will make the Montgomery County system much more user friendly, speed up the process and reduce costs.

Klenk Law

Estate Litigation Mediation as an Alternative to Orphans’ Court Litigation

Posted on Mon Aug 25, 2014, on Estate Litigation

Normally, if a dispute regarding a Will or Trust cannot be settled between the parties, the dispute is heard by one of the Orphans’ Court Judges. These hearings can last several days, require months of preparation, may involve dozens of witnesses and experts costing the parties large sums of money. In some cases, this is the only way to settle the dispute. In other cases Mediation is a reasonable alternative to an Orphan’s Court hearing.

Klenk Law

Estate Planning for Newlyweds

Posted on Mon Aug 4, 2014, on Estate Planning

After months of picking out wedding cakes, perusing gowns and shopping for flowers, discussing estate planning can feel, to many people, like a doom and gloom conversation. However, having an estate plan to protect and care for your new spouse can not only strengthen your financial situation, it can also help your marriage.

As time passes, starting an estate plan will only become more complicated; children and grandchildren are born, assets change and family dynamics shift. Getting an early start on an estate plan for your new family will lay the groundwork for your future and can be tweaked as your family changes and grows.

Klenk Law

Estate Planning for the Single Person

Posted on Mon Aug 4, 2014, on Estate Planning

While the single lifestyle is usually thought of as carefree when compared to married life, when it comes to estate planning a single person’s decisions and plan may prove more complicated than for a married couple. Whether you have never been married, are divorced or have outlived your partner, estate planning is vitally important to ensure that your wishes are carried out.

If a married person dies without a will, typically all the assets are held jointly so the estate passes directly to the surviving spouse. However, if singles die without a will or other estate planning documents, real estate and bank accounts are typically held only in the single person’s name. If a single person dies without a will, or “intestate”, these assets pass under the Rules of Intestacy.

Klenk Law

Tax Implications of Same-Sex Marriage in New Jersey

Posted on Mon Jul 28, 2014, on LGBT Estate Planning

Marriage is supposed to be for love and planning the wedding can be exciting, but take a few minutes and think about the less-fun aspects of your upcoming marriage such as the income tax ramifications. By spending some time thinking through various tax implications you just might have a happier…and more profitable…marriage.

Governor Chris Christie’s announcement on October 21, 2013 that he would not pursue an appeal of the New Jersey superior Court decision in Garden Stat Equality v. Dow means that same-sex marriage is here to stay in New Jersey. This means a same-sex marriage will result in the same tax treatment both with the IRS and with the New Jersey Division of Taxation. Equality is finally here, but some tax aspects of the equal treatment are advantageous and some are disadvantageous.

Klenk Law

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Peter Klenk and his associates are responsive and professional - It is a pleasure to work with their team. If you have needs in estate planning or administration, they are the firm to go to in the Philadelphia area!

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Mr. Klenk has been easy to work with. I am confident he has given me good advice whenever I have called upon him. He has shown good work ethic and depth of knowledge in preparation of estate, wills, and trusts that I have worked with him on.

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Great firm. Great people. Happy to refer folks in need to estate planning to Peter and his team. They do great work.

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Knowledgeable lawyers, helpful attitude, fair fees.

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Andrea Wilson

Peter is excellent. I had a very complicated situation with my parents' estate planning and potential Medicaid needs. Peter was very knowledgeable in estate planning matters, able to define the best solution for the situation. Additionally, he was congenial and able to communicate effectively to my senior citizen parents the benefits of estate planning. He earned my trust, and more importantly, my parents' trust in a 45 mins consultation period. Highly recommend Peter. He is very easy to work with.

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