Posted on Sun Mar 15, 2015, on Estate Planning
At Klenk Law we are often asked to incorporate our client’s religious principles into their estate plan. Recently we have noticed a significant increase of inquiries regarding Sharia Compliant Wills, which is an excellent topic for discussion.
Klenk Law
Posted on Fri Jan 30, 2015, on Revocable Trusts and Living Trusts
I am a resident of Gloucester County, New Jersey. If I have recently formed a Revocable Living Trust and moved all my New Jersey assets into the trust, do I still need a will?
If the goal in forming your Revocable Living Trust was to avoid probate, then you must either transfer all your assets that would otherwise be Probate Assets into the trust during your lifetime or have them pour into the Revocable Trust at your death. That is often done by using a Payable on Death Account or naming the Trust as Beneficiary.
Klenk Law
Posted on Wed Apr 2, 2014, on Estate Planning
The Montgomery County Register of Wills cannot hold or file your Will until after you have died. Your executor will go to the Register’s office in Norristown with the original Will, an original death certificate, an ID and a check. After verifying all is in order, the Register will then file the Will. There is no Pennsylvania procedure to hold Wills of the living.
Klenk Law
Posted on Sun Mar 30, 2014, on Estate Planning
If you are like most Philadelphians, you are provided the option of participating in a qualified plan program, such as a 401k, 503(b) or TIAA-CREF program. Otherwise, you may have an Individual Retirement Account (IRA) or a Roth-IRA that you have formed and funded yourself. These plans are designed to hold assets tax deferred and earmarked for retirement but, with the exception of a ROTH-IRA, when the funds are removed, the deferred income taxes come due.
Klenk Law
Posted on Thu Mar 6, 2014, on Estate Planning
Most states require that at the time you sign your will you have two witnesses who sign under your name. These are known as “Subscribing Witnesses”. Pennsylvania is an exception to this common practice. In Pennsylvania, you need no Subscribing Witness when you sign your will.
Klenk Law
Posted on Thu Feb 27, 2014, on Probate and Estate Administration
Montgomery County probate clients sometimes believe that after filing the original Will with the Montgomery County Register of Wills, the Register will return to them the original document. Usually, this is because they have the experience of filing deeds with the Montgomery County Register of Deeds. After a deed is filed, it traditionally is mailed back to the buyer who may keep the original.
Klenk Law
Posted on Tue Feb 4, 2014, on Probate and Estate Administration
The Philadelphia Register of Wills office is tasked with probating the wills of deceased, Philadelphia residents. Probate is the process by which the will of a deceased Philadelphian is judged by the Register to be valid or invalid.
Klenk Law
Posted on Wed Nov 20, 2013, on Probate and Estate Administration
All wills filed with the Philadelphia Register of Wills are public records. The Philadelphia Register of Wills has records going back to 1924, and all records in the Philadelphia Register of Wills office are open and available to the public.
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
Peter explained things in a way that was easy to understand. Everything was done in the time frame he said it. Could not have been better!
Peter Klenk made a complex subject understandable and allowed us to move forward with our estate planning. He was patient with our questions and creative in the solutions he proposed.
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.
We recently used Peter's firm to update our wills and trusts. We found he and his staff to be well-informed, professional and highly efficient. And equally valuable, Peter explains the law in terms that a layperson can readily understand.
Tremendous firm with bright, kind and tenacious people. Great representation for our family.
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