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Tag: Irrevocable Trust

How Trusts Protect Immigrant Families’ Money

Posted on Wed Jun 26, 2019, on Trusts

From Our “Ask a Question” Mailbag: “I am an immigrant from Taiwan. I have read some of your articles about Trusts, but can you help explain to me How Trusts Protect Immigrant Families’ Money?” How Trusts Protect Immigrant Families’ Money. After living for a year in Beijing, spending several years […]

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Examples of Bucks County Irrevocable Trusts

Posted on Fri Feb 22, 2019, on Trusts

From Our “Ask a Question” Mailbag: “Can you provide useful examples of Bucks County Irrevocable Trusts?” Irrevocable Trusts are invaluable estate planning tools. They have many uses, but explaining them can be complicated. I find that examples help learn what is unfamiliar, so I hope you find these examples helpful. […]

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What is a Special Needs Trust?

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.

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Peter J. Gutekunst, CFP®

I've worked with and known Peter Klenk and his associates for years. They are highly professional, diligent and truly experts in their field. By focusing on just wills, trusts, and estates, Klenk law has experienced every angle of estate planning and applied that knowledge to help prepare our clients with thorough and comprehensive documents.

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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.

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Peter G.

Very knowledgeable! Peter Klenk always has a thorough answer, and the associates have more experience than you'll find at most firms. They really only do estate work.

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