At Klenk Law we don’t do this part-time, we are laser focused on Estate Planning. We will provide you with a well-crafted estate plan that protects loved ones, saves money and avoids costly litigation. We are licensed and serve clients in Pennsylvania, New Jersey, New York and Florida.
Our goal is to be as efficient and time conscious as possible. While your situation may require a different method, typically we can assist a client using these steps.
You will have your own, specific concerns, but typically we will talk about a plan that addresses the following issues:
It takes years to master all the taxes that effect an Estate Plan. A good Estate Plan takes into consideration Estate Tax, Inheritance Tax, Capital Gains Tax, Income Tax, and Real Estate Tax. We have many tools available, such as Irrevocable Trusts, Dynasty Trusts, AB Trusts, SLATs, and more! Let’s talk and see what plan fits your needs.
[expand title="Estate Planning Documents for Life's Big Events"]Specific, big events in your life may require special planning. Our years of experience help us recognize Estate Planning needs for your life events such as Marriage, Divorce, Special Needs Children and Planning for Alzheimer’s and Dementia.
Our years of experience allow us to recognize and use the best tools for your specific facts and circumstances. We don’t have a form book; we have an encyclopedia of knowledge. Your plan will likely utilize The Big Three Estate Planning Documents, but may also use advanced Estate Planning techniques such as; Irrevocable Trusts, SLATs, Business Succession Planning and more.
If your spouse inherits all of your assets, those assets become available to your spouse’s next spouse or creditors. We have techniques that allow your spouse to enjoy the inheritance while providing shelter from attacks. We may apply advanced techniques such as Disclaimer Trusts, Insurance Trusts, AB Trusts, & Marital Trusts. The correct Estate Planning tool will depend on your particular circumstance. Follow this link to read examples of Estate Planning protecting your surviving spouse.
We have techniques, such as Dynasty Trusts and Education Trusts, that allow your descendants to enjoy their inheritance but also provide shelter from daughters-in-law and sons-in-law, as well as your children’s creditors and legal entanglements. Follow this link to read examples of Estate Planning used to protect your heirs.
Blended Family Estate Planning requires much thought. Blended families raise specific challenges and problems. We will talk about techniques such as Contracts to Will, Irrevocable Trusts, and Funeral Directives with the goal of avoiding conflict and litigation while providing for your loved one’s needs.
Your Estate Plan will require appointing fiduciaries. Each fiduciary has specific tasks and responsibilities. Some jobs require bulldog perseverance while other tasks have a need for diplomatic skills and a personality to help avoid conflict. We will help you select the right person for the right job. It is vital that you choose the right Executor, Trustee, Agent, Surrogate, and Protector. We will help you sort through the options.
We take the time to understand your situation and your family. If needed, we know steps that can help avoid needless conflict and litigation between your heirs.
Our firm has an Estate Litigation Department. We know Will Contests. This knowledge helps us as Estate Planning Attorneys to draft estate planning documents to avoid conflict. Experience is the only way to learn how to avoid traps. An attorney unfamiliar with Estate Litigation hasn’t the experience to avoid Will Contest as we can.
LGBT Estate Planning has become simpler with the recognition of same-sex marriage, but unique challenges exist. Special drafting can address issues that arise with unmarried couples or children from prior relationships. We have years of experience with Estate Planning for LGBT couples, let’s brainstorm!
No one knows your business as you do, so you should be part of crafting the estate plan addressing your business. Don’t leave this up to the State or an executor unfamiliar with your business. Without Business Succession Planning, your valuable asset might fade away soon after your death. Employees might feel insecure, or a salesforce may fear an unknown new owner causing flight, leaving the business floundering. A well thought out Business Succession Plan is vital.
We recently used Peter's firm to update our wills and trusts. We found he and his staff to be well-informed, professional and highly efficient. And equally valuable, Peter explains the law in terms that a layperson can readily understand.
Peter and his staff handled all of our needs in a very professional and timely matter.
Integrity, exceeding the client's expectations. In-depth knowledge of the law
I have worked with Peter Klenk & his associates for some time now and I have found them to be ultra-qualified, knowledgeable and diligent about their work. I highly recommend them.
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!