An estate planning lawyer in NJ from Klenk Law knows that most people don’t want to think about their departure from this earth. So surely, writing an estate plan isn’t always at the top of their to-do list, simply because it isn’t a fun thing to tackle. But thankfully, there are professionals who can help you get started, keep you going, and see that your legacy is protected. We know that what you’ve built is worthy of being passed down to future generations, so let us help!
Perhaps now more than ever, especially with a global pandemic, we are viewing and thinking about our lives more deeply. This is causing us to seriously assess what we want to leave behind. Part of preparing for our death entails establishing a legally-binding estate plan.
What is an estate?
Essentially, an estate is where you keep all of your assets, belongings, Investments, and money. The term estate may seem like a word that is used only to describe the wealthiest people, but in fact, everyone regardless of their financial status has an estate. For instance, your estate can be your vehicle, home, furniture, art collections, bank accounts, collectibles, family heirlooms, and everything else you own. An estate plan will protect an estate, along with ensuring that the assets are distributed based on the decedent’s wishes. An estate plan may have several documents, including:
Do I need an estate plan?
As a New Jersey estate planning lawyer knows, there are numerous excuses people may use to avoid getting started on their estate plan. For one, maybe they think that they don’t need an estate plan because they don’t have enough money. But as stated above, anyone no matter what their financial situation is can likely benefit from an estate plan. Secondly, most people don’t want to think about a time when they are separated from those they love most. Establishing an estate plan comes along with accepting the fact that we are all mortal, and have to take steps to protect the life and legacy we have built.
How can I get started?
Many people get started writing their estate plan by first thinking about the possessions they have, and then considering who they want to have them after passing away. Begin by writing a list of everything you own, both tangible and intangible belongings. Examples of tangible assets are items like your house and car. By comparison, intangible assets can be things like a retirement account or bonds.
To get started on your estate plan with an insightful and compassionate team, contact an estate planning lawyer in New Jersey at Klenk Law today.
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...
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.
Professional, cheerful, thorough and fast. Peter responded to my request for a consultation right away, and within just a few days my last will and living will were done. Rates are standard.
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.
I've worked with and known Peter Klenk and his associates for years. They are highly professional, diligent and truly experts in their field. By focusing on just wills, trusts, and estates, Klenk law has experienced every angle of estate planning and applied that knowledge to help prepare our clients with thorough and comprehensive documents.