When you need the help of an estate planning lawyer Allentown, PA recommends, contact Klenk Law to see how we can help. Avoiding probate is possible, especially if you ask a probate lawyer in Allentown, Pennsylvania, for help. If you do not want to go through the probate process, it is prudent you take actions that go beyond a will. Utilize several different approaches; for instance, a living trust or the creation of a family limited partnership.
If you don’t understand why you would want to avoid the probate process, consider these reasons.
Our estate planning lawyer Allentown, PA turns to shares that if you choose to place your assets in a trust or other estate documents outside of a will, your heirs may not have to go to court. In some situations, this can save time and money. Further, if your children live far away, they can manage the process remotely. Also, revocable trusts are not published, so your plan remains private. It may also enable them to focus on healing from any grief they might have.
Depending on your situation, a revocable trust may speed up the process. If so, and if your heirs are relying on their inheritance, a quicker process has an advantage. Our estate planning lawyer Allentown, PA relies on, will tell you that in some situations, the probate process can be slower. If you prefer, there are specific stipulations on the trust, an estate planning lawyer Allentown, PA know, can make sure they are included.
If you expect conflict between the heirs after your death, a Revocable Trust can be useful. By working with your estate planning lawyer, especially one who is familiar with Will Contests, they can put up roadblocks against frivolous will contests. Litigation can cost tens of thousands of dollars. An estate planning lawyer Allentown, PA turns to can help you avoid spending money and time on expensive litigation.
Probate is public. Any documents submitted to the probate court become a matter of public record. Therefore the public can view what your heirs have inherited, whether there were any disputes, and more. If you value your privacy or have concerns about the public finding out about your estates’ assets, and the estate’s value, you should consider a trust.
For an individual to contest a will, they must satisfy specific requirements. If the complaint does not have merit, the probate judge will likely throw it out of court. A costly mistake for the plaintiff. An estate planning lawyer Allentown, PA resepects, share that in general, for a will to be contested, at least one of four accepted legal reasons must be given and be provable. If the plaintiff petitions the court, then the questionable will may be invalidated by the judge. If this occurs, the judge discards the challenged will, and it will be as if the deceased had not left any will at all. As a result, the probate court will rule on who should inherit which of the estate’s assets and in what amounts. It is, therefore, critically important for all adults to have a valid will in place and for that will to be updated after significant life events occur. With the assistance of our estate planning lawyer Allentown, Pennsylvania clients are in need of from Klenk Law, you can better ensure that your loved ones never have any cause to contest your will after you’re gone.
If you’re already in a position where you or someone else is considering contesting the will of someone who has passed away, a Philadelphia, PA estate planning lawyer can tell you if a potential claim meets at least one of the following eligibility requirements:
Many people know they need to prepare for the end of their life. Thinking about your own mortality is a hard thing to do, but it’s important so you don’t leave your loved ones with a mess after you’re gone.
However, it can be confusing trying to determine which documents you need and which you don’t. This is especially true when you consider that some estate planning documents have similar names.
Many people are referring to a will when they say they want an estate plan. But what is a will?
Our estate planning lawyer Allentown, PA knows, share that a last will and testament is a legal document that allows you the power to say who receives assets upon your death. It also allows you the opportunity to discuss how any liabilities are dealt with after your death.
This document gives you great control over how your personal items are distributed after you’re gone. For example, if your son enjoys your coin collection or your daughter enjoys your collection of crystal glasses, you can leave those items specifically to them.
But it’s also important that you include the full names of the people to whom you want to leave specific items. An estate planning lawyer Allentown, PA trusts will tell you that simply saying that you want to leave an item to your daughter may not be sufficient.
A living will is another component to a full and complete estate plan. But it is very different from a last will and testament.
A living will does not discuss how your assets will be distributed. Instead, a living will gives you the opportunity to determine what steps you want taken, or not, during your end of life care.
This is done by making certain decisions now by contacting an estate planning lawyer Allentown, PA residents are reliant upon. Doing this allows doctors and your family to understand what you want to happen, should you be in a position where you are unable to speak for yourself or make decisions on your behalf.
This is one of the least pleasant documents to discuss with your Philadelphia estate planning lawyer. But it’s also one of the most important.
You need more than just these two documents to have a full and complete estate plan. Visiting Klenk Law will give you the guidance you need to ensure your loved ones don’t inherit a mess but instead inherit items that bring fond memories of your cherished time together.
By working with a team of experienced estate planning lawyers Allentown, PA residents can count on, you take the guesswork out of your estate plan. You don’t want to leave your heirs with a mess so it’s important that you speak with someone you can trust. Settling your affairs before you’re gone is a complex and cumbersome process. You shouldn’t trust this to just anyone. You’ve worked hard your entire life – don’t skimp at the end.
This is an important step to take and you shouldn’t try to handle it alone. You deserve the skilled and trusted advice of our estate planning lawyer Allentown, PA residents trust who can provide you the guidance you need with the compassion you deserve.
Whether you are sure that you want to avoid probate or you would like to explore all of your options, you should speak with an estate planning lawyer Allentown, PA residents turn to when in need. At Klenk Law, we listen to your needs and utilize useful estate planning tools to protect your assets. We strive to minimize costs and meet your objectives. If you would like to talk with an estate planning lawyer Allentown, PA clients recommend, please call our office now.
Although people do not like to think about their own mortality, the reality of life is that it will end one day. Our estate planning lawyer Allentown, PA residents respect, shares that this is a primary reason for ensuring that your estate plan is complete. This gives you the ability to map out your wishes and make sure that your family is taken care of.
A study that was conducted by Fidelity Investments revealed that many adult children and their parents avoid having discussions about estate planning. Topics such as retirement finances, elderly care and will and inheritance issues are things that should be discussed, but quite often, are not. In fact, according to the study, four out of 10 families have not had these conversations at all.
An estate planning lawyer Allentown, PA relies on shares that in The Intra-Family Generational Finance Study surveyed parents who were 55 years or older, with an adult child of 30 years or older. The parents had to have a minimum of $100,000 in investable assets. The adult children who participated had to be at least 30 years old and had to have a minimum of $10,000 saved in an IRA, 401(k) or other investment account.
Despite the high amount of families who have not broached the subject, 75 percent of participants said it is important to discuss finances. However, an estate planning lawyer Allentown, PA trusts, shares that when these conversations should take place was a source of disagreement among parents and children. Over 60 percent of parents and children disagreed on the timing. Parents think it is better to wait until after they retire, but their adult children want to decide these matters well before parents’ retirement or medical problems become an issue.
Our estate planning lawyer Allentown, PA depends on knows that as difficult as the topic may be, it is important for families to plan ahead before the time actually comes. If you and your family have had difficulties making plans for the future, consider contacting an estate planning lawyer Allentown, PA relies on, who can help guide you through planning and help you decide which options are the ones that are the best for you.
If you are concerned with the future of your estate and what could happen to those inherited funds, contact an experienced estate planning lawyer at Klenk Law to find out what kinds of options you may have.
Our estate planning lawyer Allentown, PA trusts can discuss all the different estate planning tools that we have that can help you make sure your family is taken care of when you are no longer here. In addition to wills, many of our clients also establish one or more of the many types of trusts that are available under state and federal laws. We can also show you how your estate can avoid probate, which can be drawn out and costly.
Call our experienced estate planning lawyer Allentown, PA can count on from Klenk Law to find out how we can help.
Peter provided outstanding advice and preparation of a will and trusts.
Peter was excellent. He explained everything very clearly and is super friendly. My wife and I originally tried using a lawyer through group legal coverage, but unfortunately the old adage - "you get what you pay for" - applied to the other lawyer, and we decided to go with a real professional.
When it came down to picking the right attorney to handle my affairs, I knew right away it was this firm. From speaking to their secretary to speaking to Peter I knew I was making the right decision. After only a few mins Peter knew right away what I was looking for and handled all my questions professionally and even gave me great feedback that put my mind at ease. All that without even giving a single penny! So of course I hired him! So far so good...
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!
Great friendly staff
Tremendous firm with bright, kind and tenacious people. Great representation for our family.
I'm totally satisfied with Klenk Law. Peter has a great legal mind with the personality of the guy next door.
Everything about my experience was a 10+! Peter and his staff made what I thought would be a difficult process easy and understandable. Every detail was handled correctly. No other firm could possibly do better than Klenk Law!
Peter and his staff are very responsive and always willing to help my clients and in a cost efficient manner.
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.
Answered my question quickly and referred me to a colleague that could handle my problem
Mr. Klenk, quickly understood the circumstances presented and provided clear and concise advice. This advice provided me with the information I required to progress the case to my advantage.
Peter is excellent. I had a very complicated situation with my parents' estate planning and potential Medicaid needs. Peter was very knowledgeable in estate planning matters, able to define the best solution for the situation. Additionally, he was congenial and able to communicate effectively to my senior citizen parents the benefits of estate planning. He earned my trust, and more importantly, my parents' trust in a 45 mins consultation period. Highly recommend Peter. He is very easy to work with.
Peter recently gave a presentation about Wills & Trusts at my employer, and it was fantastic! He was extremely knowledgeable and provided valuable information to the group. People were very engaged and asked several questions, all of which Peter thoroughly answered. Personally, my husband and I have selected Peter to help us with our estate planning, and he has been very helpful in providing us with all of the information we need to provide a secure future for our family. Thank you, Peter!
Peter provided outstanding advice and preparation of a will and trusts.
Peter explained things in a way that was easy to understand. Everything was done in the time frame he said it. Could not have been better!
You & your staff are the best thank you for everything.
Peter and his staff handled all of our needs in a very professional and timely matter.
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.
Peter explained a complex subject very clearly, helped us to decide the best approach to managing our estate and then made it very easy for us to execute the required documents. He will be a valuable resource for years to come and clearly has a great understanding of estate law that will lead to innovative solutions for us. I would unhesitatingly recommend him for estate planning.
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.
Always professional and very responsive. Everyone on the staff that I have worked with. I look forward to continuing our relationship.
Affable...yet surprisingly cerebral estate planning atty. High marks all the way around.
Peter and his associates made things easy for us.