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Tag: Tatyana Gleyzer

15 Feb, 2014

How Do I Start My Estate Planning?

Every journey starts with the first step, and your estate planning begins with assembling information and answering questions. Your estate plan’s complexity will depend on many factors, including your family and its unique set of circumstances, the type and value of your assets, your overall financial plan and your ideas on how you would like to divide what remains of your estate at your death.

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25 Jan, 2014

What Does a Gloucester County Will Do?

If you are a resident of Gloucester County, New Jersey, and have executed a valid New Jersey will, that will dictates the distribution of the property you owned at your death. The will is not limited to your property within Gloucester County, and will determine who receives your property no matter where it is located throughout the world.

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17 Jun, 2013

Innovative Estate Planning Strategies

Crafting an estate plan for a client means listening to what the client wants, explaining options to the client and then drafting a plan to meet the option selected. At times, a client’s circumstances require imaginative ideas. Here are some examples of imaginative estate planning that Klenk Law has utilized recently.

1. Protectors:
It remains a mystery to me why more estate planning attorneys do not use Protectors. A Protector is a person or persons you appoint to oversee a trustee with the power to fire and replace the trustee without the need of an attorney or a court hearing. No court hearing or attorney is necessary? Perhaps that is the reason why estate planning lawyers don’t use them? I use them in almost every trust. Even the most trusted person or bank can have problems, and if these problems negatively affect the trust, the Protector can “protect” the beneficiary without months of litigation.

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20 Sep, 2012

Maximizing Charitable Income Tax Deductions When Donating Art

If you are an art collector interested in giving a piece of art to a charity, what factors should you consider in order to maximize your income tax deduction?

Short Answer: If a person as a collector contributes highly appreciated art purchased and held over one year to a qualified public charity and reports the contribution along with a supporting appraisal (if the art exceeds $5,000.00 in value) the person will avoid recognizing the built in capital gains, avoid paying inheritance and estate taxes and the person will be able to deduct the full fair market value of the donation as of the date of the contribution.

Long Answer: The Tax Code encourages the contribution of art to tax exempt organizations by allowing deductions against income for the gift. The size of the deduction will depend on several factors.

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1 Sep, 2011

How to Arrange for a Military Funeral

One of the first calls I received after reporting for duty as a United States Navy JAG in Philadelphia, Pennsylvania, was from a family in Burlington County, New Jersey. The week before the call the family had buried their Grandfather. The Grandfather had been a WWII Navy vet. After the funeral they looked at his Will and found that his estate plan included a burial at sea. They wanted to know what to do.

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11 Aug, 2011

Philadelphia Holographic Wills vs. Self-Proved Wills

Can you write a valid Will on the back of an envelope in Philadelphia? The answer is yes….. but you are asking for trouble. Philadelphia Will Drafting Attorneys agree, Self-Proved Wills are preferable to Holographic Wills.

A Will is a statement declaring a person’s wishes regarding the disposal of the person’s property when the person dies. It affects titles to land, whom receives bank accounts and stocks and whom will serve in guardianships for minor children. Any discrepancy, error or omission can lead to years of litigation and bad feelings between the surviving family members. A Will is not something to take lightly.

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What Our clients are saying

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John Rutigliano

Called and spoke to Juliet, she was very helpful and professional!

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David Major

Had our will done with Peter and his team. Made the process super easy and understandable. His team lead by Laura Parisi were always available for questions and assistance. Professional and personable they made what can be a challenging experience hopeful and graceful. Cannot recommend their services enough!

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Chris Benson

My family and I was pleased with the service, and insight of Klenk Law. All of our questions and concerns were patiently answered. I will be referring this firm to many family and friends to assist with real estate planning etc. Thank Klenk Law

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Esther Kohn

Daniella is amazing, she helps me perfectly every time, and I always feel special with her.

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Dave Wong

Very easy to deal with. Like the fact they are focused on estate planning and their expertise in this area shows. Peter and staff were helpful and easy to communicate with.

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