Posted on Sat Dec 9, 2017, on Estate Planning
From Our “Ask a Question” mailbag: Addresses Contract to Will. “I love my wife, but she is an Ohio State Buckeye Graduate. We have no children, and I know if I die first she will change her Will to give all our money to Ohio State. I am a Penn State […]
Posted on Sun Nov 26, 2017, on Estate Planning
From Our “Ask a Question” mailbag: “I am the first homeowner in my family, and I worry that someday my children might need to return home to collect themselves. While I am alive, I will always keep the house ready for them, but I worry about after I die. Can you […]
Posted on Sat Nov 11, 2017, on Funeral Directive
From Our “Ask a Question” mailbag: I am proud of my Norse heritage, and at my death, I want a Viking Funeral. My husband said he would not carry out my wish. How do I make my family give me a Viking Funeral? It’s Your Funeral, Make Sure You Get […]
Posted on Sun Nov 5, 2017, on Estate Planning
From our “Ask a Question” mailbag: What Should I do with my Estate Planning Documents When Traveling? The Big Three Estate Planning Documents. When traveling, it is essential that all your estate planning documents are in order. While your estate plan might include other documents, almost every estate plan comprises three. […]
Posted on Fri Nov 3, 2017, on Revocable Trusts and Living Trusts
Pros and Cons of a Living Trust A living trust is just like a will. It is a legal document. It spells out all of their desires regarding assets, dependents, and heirs. However, there are a few fundamental differences between a will and a living trust, and it is vital […]
Posted on Fri Sep 15, 2017, on Funeral Directive
Our “Ask a Question” mailbag address a question about a Funeral Directive. “My mother was dating a much younger man before her death. We jokingly called him her “boy toy.” He is a nice man, but not really part of our family. In her Will, she added a Funeral Directive […]
Posted on Mon Dec 12, 2016, on Revocable Trusts and Living Trusts
Our “Ask a Question” mailbag addresses a question about Amending a Revocable Trust. “Is amending a Revocable Trust difficult? How do I go about amending a Revocable Trust I formed in 1998, as I have some necessary updates?”
Posted on Mon Dec 12, 2016, on Special Needs Estate Planning
From Our “Ask a Question” mailbag: “I want to set up a Special Needs Trust for my son in my Will. Can I fund a Special Needs Trust with life insurance?”
Posted on Sun Dec 4, 2016, on Special Needs Estate Planning
From Our “Ask a Question” mailbag: “What is a Special Needs Trust?”
A Special Needs Trust is a trust designed to hold assets for a person receiving needs-based government benefits. The person who benefits from the trust is the “beneficiary.” Typically, the beneficiary is an individual with physical or mental disabilities who qualifies for needs-based benefits, such as Medicaid. Giving this person money or making them an heirwould disqualify them. Special Needs Trusts were created to hold assets for these people without excluding them from the benefits. A Special Needs Trust allows you to look out for your loved one by providing them with the little extras that will improve their life.
Posted on Thu Dec 1, 2016, on Estate Planning
From Our “Ask a Question” mailbag, a question about Estate Planning before surgery:
“I am going to have some major surgery next month. Is it a good idea to do Estate Planning before surgery? What documents do you suggest I have done?”
Peter Klenk is the founding member of Klenk Law, a six 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!
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