Many consider estate planning to be simple. People may think that it’s a matter of filing a few documents with the government entity. Estate planning, like all legal transactions, can be complicated. It takes a smart estate lawyer Allentown, PA trusts, with years of education and experience, to fully be prepared to advise clients on their affairs in case of their death or health issue. This matters should not be taken lightly and legal advice could ensure that your life’s work stays with your family. Klenk Law is an established boutique estate law firm that has over 25 of experience in the Allentown, PA area.
Klenk Law specializes in trusts, wills, and other estate planning tools. Our most important role is to mitigate or avoid estate taxes and make sure that any savings and assets stay in the hands of your beneficiaries. We can guide you to develop a plan and preparing a will, drafting trusts, and arrange for someone to take care of your affairs in the event that you become incapacitated.
Everyone Needs an Estate Plan
Yes, even you. Many people think estate planning is only for the wealthy. That is a common misconception that hurts the transfer of wealth for many people. Simply put, if you want to pass on assets to other people or organizations after your death, you need an estate plan. Working with an estate lawyer in Allentown, PA and establishing a proper estate plan will make you feel comfortable and sure that your possessions will be distributed as you desire.
What is an estate plan?
An estate plan is a collection of documents that provides protection to you while you’re alive, during your end of life care, and provides instructions on what possessions you want to pass on to certain people.
An estate plan typically includes the following documents:
Why is an estate plan important?
If you don’t have an estate plan, your assets will pass to your heirs on the government plan. This means the state will determine who gets what possessions and what are sold. It also means the government will take a good portion to pay for its services. A better plan is to work with an estate lawyer in Allentown, PA from the beginning.
A proper estate plan helps to reduce the costs associated with probate, the court process by which your assets are delivered to your heirs. It also gives you a say in who gets your assets after you die.
You may want to leave some assets to a charity. If you’re on the government plan, they’re not going to know you want to leave anything to a charity. Maybe your nephew has always commented on your collection of pocket watches. By creating an estate plan, you can ensure your nephew receives those watches and can cherish them.
It’s Not Just About The Will
The will is certainly an important document but the will only covers a portion of your estate plan. A Power of Attorney is just as important as it governs who can take action on your behalf while you’re still alive. A will is only effective after you die. Your executor or personal representative will make decisions based on your wishes.
The Living Will determines your end of life care. No one likes to discuss their own mortality but if you can make these decisions now, with a, estate lawyer in Allentown, PA, it makes the whole process much easier on your loved ones later.
With a Power of Attorney, the person you give this authority to has the power to act on your behalf immediately. This is why it’s so important to choose someone extremely trustworthy to act as your Power of Attorney.
What We Offer
Taking care of your personal affairs is not to be taken lightly. Each estate lawyer serving Allentown, PA from Klenk Law understands this which is why we believe our team can offer a service you can trust. We offer:
Let Us Help You Create Your Estate Plan
Dealing with your life’s work and making sure that it stays with your family is not a light task. Getting the help of an estate lawyer Allentown, PA clients recommend from Klenk Law could potentially save you a substantial amount of money in taxes and legal fees. We will work to make sure your assets are protected. The trusted team at Klenk Law has the skill and experience required to ensure you wishes and your possessions are protected. We will work diligently with you as together we create your estate plan. It is our goal to ensure you feel comfortable and are confident that your assets are protected and left to those you cherish.
Everyone can benefit from proper estate planning. That includes you. We are a family firm, our attorneys understand the value of protecting the legacy of a hard-working family. Our attorneys are locals of Allentown, PA and know how to navigate the local laws. Contact the estate lawyer Allentown, PA residents count on today to schedule your free consultation with our team, who can guide you through the process and make you comfortable with the decisions being made. We look forward to speaking with you.