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From Our “Ask a Question” Mailbag: “Hi, can you give me examples of Estate Planning When Children Live Far Away?” 2 Ideas of Estate Planning When Children Live Far Away. Most people with adult children depend on them in their estate plan. But, special planning is needed if children live […]
Estate Planning Lawyer Allentown, PA A trust is a written agreement that lists the rules for how a person wants his or her property to be distributed after passing on. Those who have never written a trust before may have no idea where to begin. If a person were to […]
From Our “Ask a Question” Mailbag: “Can you provide examples of Revocable Trusts being used successfully?” Examples of Revocable Trusts Being Used Successfully: To begin, I am assuming that you are somewhat familiar with Revocable Trusts. If you are not, or if you wish to refresh your memory, follow this […]
From Our “Ask a Question” Mailbag: “Please give me Examples of Avoiding Probate.” Examples of Avoiding Probate: Avoiding Probate with a Revocable Living Trust. Mr. Philadelphia had his Estate Planning Lawyer draft a Revocable Living Trust. Mr. Philadelphia served as the sole trustee during his life and moved all […]
New Jersey Trust Lawyer Divorce can be a huge adjustment not only for you but for your children as well. The life you once knew is likely to change completely. During this time, you will be making a number of changes to your life. Unfortunately, it’s not uncommon for people […]
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 […]
From our “Ask a Question” Mailbag: Pros and Cons of a Living Trust Most Recently Updated August 10, 2018. 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. […]
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?”
From Our “Ask a Question” mailbag: “After being diagnosed with early-stage Alzheimer’s, I have been thinking about forming a Revocable Trust. Who pays the income tax on a Revocable Trust?”
A Revocable Living Trust can be a reliable tool in helping you manage your assets while suffering from Alzheimer’s. But, you should plan carefully and implement checks and balances.
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.”
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!
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"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
Areas Served:
Philadelphia PA, Allentown PA, King of Prussia PA, Montgomery County PA, Bucks County PA, Doylestown PA, Jenkintown PA, Marlton NJ, Moorestown NJ
What Our clients are saying
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Monika Patryn
I highly recommend this firm. Jackie was a pleasure to work with. I left there’s well educated and had all my questions answered.
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Bill Cass
My wife and I were thoroughly satisfied. We had very clear explanations of complicated subjects.
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Var IAMPhilly
Overall I great experience with Daniella and the rest of her team to work with me for my fathers estate. Never was an issue that couldn’t be fixed. I highly recommend klenk Law firm.
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James Palmer
Recently hired this firm to help me write a will (something I had been procrastinating on doing for too long). The process was quick, easy, painless and I'm glad that thanks to the great team at this firm I was able to cross this off my "to do" list!!
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Tina Krovetz
Fantastically easy and efficient team to work with getting our wills done. We will use Klenk again in the years to come. I highly recommend Peter Klenk.