Skip to Content

We are a Veteran Owned Business, providing 20% discounts for Veterans, First Responders, Elementary and High School teachers. Please contact us to set up a phone or Zoom meeting. Taking care of you and your family, It's What We Do!

Klenk Law

What Does My Estate Include?

Posted on Wed Apr 2, 2014, on Estate Planning

From our “Ask a Question” Mailbag: What is included in my estate?

Recently updated on June 26, 2018.

In estate planning, “my estate” can mean different things. Assets that will pass through a will at your death are included in your probate estate. In contrast, assets in your revocable living trust, your IRAs, assets held jointly with a right of survivorship, and all of your payable on death accounts are not part of your Probate Estate.

When working with your Chester County estate planning attorney, you will examine all of your assets, both the probate estate and the taxable estate, to develop a plan to address your goals. You will also talk about your liabilities and your family’s unique situation. All these factors will allow your estate-planning attorney to suggest methods to meet your goals, reduce or avoid inheritance, estate and capital gains taxes, and provide protection for your heirs.

More Planning Questions?

The estate is only a piece of the Estate Planning process. By all means, if you want to learn more, please read my more detailed article, Estate Planning Everything You Need to Know.

In Conclusion: My Estate

I hope that this article was helpful in explaining your estate. Further, I included links to even more detailed information on my website so you can learn more. Therefore, please contact me and let me know how I did. Certainly, your comments and questions are welcome!

Let our Estate Planning lawyers help walk you through what can be a confusing process. To begin with, call to speak to one of our experienced estate planning lawyers.  By all means, our lawyers are ready to answer your questions. In fact, feel free to contact our office for a free consultation. Ultimately our goal is to make the process as painless as possible!

Wills, Trusts, Probate, and Estate Litigation, It’s All We Do!

 

Tags:

Chester County, Estate, Estate Planning, Estate Planning Attorney, Estate Tax, Pennsylvania, Probate, Trusts

What Our clients are saying

Klenk Law Logo
Stars

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!

Klenk Law Logo
Stars

Fantastic customer service. Very personable and most importantly they provide great explanations of what is required based on your individual needs. Highly recommend Klenk Law for anyone that needs to create a will and estate documents.

Klenk Law Logo
Stars

Like another reviewer, I contacted Peter through his website using the free consultation link, for a question regarding PA inheritance taxes. The question was quite technical and difficult to explain, and the answer was nowhere to be found on the web. Peter grasped precisely what I was asking, and provided a clear, helpful response (with a touch of humor) the very next day.

Klenk Law Logo
Stars

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.

Klenk Law Logo
Stars

I met Peter soon after he started his practice in Philadelphia, PA. He and his team have always been there for me and my various inquiries throughout my life-changing events, corporate relocations. I have lived in various cities throughout the nation, I have never had a problem in contacting Peter or a member of his team. He and his office responds quickly and returns calls to me to fulfill my requests for information or to revise my estate needs while posing relevant thought-provoking questions that I need to consider to secure my future. One of Peter's best qualities is his ability to answer clients complicated questions in a simple way to ensure comprehension.

Let us put our expertise to work for you.

Free consultation within 24 hours.