Klenk Law knows all too well that putting together a will can feel like a daunting process for many people. Make the process more comfortable with the help of an estate lawyer Allentown; PA relies on. Putting off a will can have a significant impact on your loved ones in the event you pass away before you are able to create one. Most people do not want to leave their loved ones with such a burden during a time that is sure to be filled with grief. Not to mention the fact that if you leave children behind there may be no plan in place for where they will go. Here are some tips to keep in mind when creating your will:
Tip #1: Use a Lawyer
Although there are a variety of different ways to put together a will, using a PA estate lawyer is always an attractive option. An estate lawyer can ensure that yours will adhere to the laws within your state. They can also create a will that is unique to your specific situation. It can be less expensive and often more appealing option to go with an online tool to create your will. However, it does not take into account laws within your state. In some cases, you may risk invalidating all or a portion of your will.
Tip #2: Know Your Beneficiaries
Beneficiaries are people who will inherit your assets when you pass away. It’s important to stay up-to-date regarding your beneficiaries. An estate lawyer in Allentown, PA can help you to include and manage the beneficiaries you have listed in your will. We can help craft a will to provide your heirs with maximum protection from divorce, creditors, or to qualify them for needs-based government benefits. You lose these benefits by using any payable on death (POD).
Tip #3: Outline all of Your Assets
Take an inventory of all your assets so that you can explicitly list them out when you meet with a PA estate lawyer. Consider everything that you own and ensure that you have a plan for it. You will also want to make sure that jointly owned property has both you and your spouse’s names on it. Joint ownership may include bank accounts as well as property. Plans differ depending on your assets. The program for a substantial IRA or 401k is very different from a program for a person with several parcels of rental real estate.
Tip #4: Have a Plan for Your Children
Always make sure that you have a plan for what will happen to your children if they are minors. You will want to have someone identified to take guardianship in the event of your passing. Doing so may eliminate familial conflict or confusion. It may also prevent family members from fighting over your children. You will also want to make sure that you have a plan financially for how they will be cared for.
In most cases, you may want to identify both a guardian and a trustee. Before doing so, speak with the person you have appointed as guardian to make sure that they are up for the task. In case there are changes, it is also recommended to identify someone to take their place if needed.
Tip #5: Update Your Will Regularly
Don’t just create it and forget it; make sure that you review your will on a regular basis. As you move throughout your life, it’s normal for changes to occur. You may have a change in your financial situation, your marriage, or someone you identified as a guardian, or, your beneficiary or executor may pass away. Reviewing your will every year can prompt you to make any changes needed to prevent confusion down the road.
The reality is, creating a will doesn’t have to be as terrible as it’s made out to be. The process can go quickly and smoothly with an estate lawyer Allentown PA trusts to make certain your will is created how you want. Contact Klenk Law to ensure your final wishes are stated so that your loved ones have a clear picture of how you would like your estate managed.
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.