Posted on Mon Aug 24, 2020, on Estate Planning
From Our “Ask a Question,” Mailbag: “I think my spouse is doing estate planning in New Jersey without me. Can my spouse make a Will Without my Knowledge in New Jersey?” Can my Spouse Make a Will Without my Knowledge in New Jersey? Yes, your New Jersey spouse can sign […]
Klenk Law
Posted on Tue Feb 26, 2019, on Power of Attorney
From Our “Ask a Question” Mailbag: “Can you provide examples of Power of Attorneys Being Useful?” A General, Durable Power of Attorney is an essential part of every estate plan. This article assumes you know some basics about Powers of Attorney. If you are not, or would like a refresher, […]
Klenk Law
Posted on Sun Nov 26, 2017, on Estate Planning
From Our “Ask a Question” Mailbag: Keeping the Family Home in the Family Most Recently Updated August 10, 2018. “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 […]
Klenk Law
Posted on Sun Nov 5, 2017, on Estate Planning
From our “Ask a Question” Mailbag: Estate Planning Document Safekeeping while Traveling Most Recently Updated August 10, 2018. “My husband and I are traveling to New York and then upwards to New England and Canada for the next month. Should we do anything or leave any estate planning documents around […]
Klenk Law
Posted on Thu Dec 1, 2016, on Medical Power of Attorney Living Will
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?”
Klenk Law
Posted on Tue Nov 29, 2016, on LGBT Estate Planning
Our “Ask a Question” mailbag addresses Estate Planning for LGBT Married Couples.
“Right after the legalization of gay marriage my husband and I married in Pennsylvania. Since then, we have not updated any documents. Given the outcome of the Presidential election, we feel like we need to get things done. What is Estate Planning for LGBT Married Couples?”
Klenk Law
Posted on Sat Nov 12, 2016, on LGBT Estate Planning
Our “Ask a Question” mailbag addresses LGBT Estate Planning for Married Couples after President Trump’s election.
My wife and I are a same-sex married couple. We married in New Jersey and now live in Pennsylvania. Trump’s election makes us nervous, we are afraid that he may strip away some of our married couple rights. What estate planning documents should we sign to make sure that we have the right to make medical decisions for each other should one of us get sick?”
Klenk Law
Posted on Fri Sep 9, 2016, on Revocable Trusts and Living Trusts
From Our “Ask a Question” mailbag: “I have been diagnosed with early stage Alzheimers. I have heard that setting up an “unfunded trust” for long-term care might be a good idea. What is an unfunded trust and how is a trustthat is unfunded useful?”
When planning for Alzheimers, the term “unfunded trust” refers to a Revocable Living Trust which you set up but in which you currently put no assets. Because it is currently not “funded” with any assets, we call it an “unfunded trust.”
Klenk Law
Posted on Wed Sep 7, 2016, on Power of Attorney
From Our “Ask a Question” mailbag: “I have heard stories about Power of Attorney abuse and theft. So, where do I keep my Power of Attorney?”
Power of Attorney abuse is a real problem. A typical durable general power of attorney gives your “Agent” the authority to access your accounts and sell your assets. These capabilities are essential so your Agent can take care of you. But, they are also powers that can lead to theft and fraud.
Klenk Law
Posted on Wed Aug 10, 2016, on Power of Attorney
Ask a Question” mailbag: “Can my son use my power of attorney to give away all my property?”
A Durable Power of Attorney gives your “Agent” the right to make financial decisions on your behalf during your lifetime. Each power of attorney can be unique. I need to examine your actual document to answer the question, can your son use that particular document to legally make gifts to himself, but here are some facts. A durable power of attorney can give your son the right to make unlimited gifts. In other words, your Power of Attorney could allow your son to legally leave you penniless.
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
AWESOME LAWYER! Peter Klenk is an exceptional attorney and a very nice person! Today I spoke with Peter about estate planning and was impressed with by his professionalism, cordiality, and attention to detail. I highly recommend Klenk Law for probates, wills, trusts, and other issues germane to estate planning!
Peter and his associates were a pleasure to work with. He explained the process clearly and provided assistance nearly instantaneously. Highly recommended for trusts-and-estates-related needs!
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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