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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!

 

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

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Peter Klenk & Associates is my go-to firm for estate planning and advice in probate and estate administration. Peter and his attorneys are top-notch and exceptionally responsive. Peter has the knack of being able to explain extremely complex tax and estate planning issues in a manner that clients are easily able to understand and comprehend allowing them to confidently make important decisions.

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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.

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Peter and the whole team at Klenk Law are top notch. They are thorough, efficient and understanding of client needs. He was able to tailor our estate planning needs just how we envisioned.

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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.

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Mr. Klenk has been easy to work with. I am confident he has given me good advice whenever I have called upon him. He has shown good work ethic and depth of knowledge in preparation of estate, wills, and trusts that I have worked with him on.

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