Are you interested in protecting your estate? Would you like to ensure your loved ones inherit your assets according to your wishes? If so, now may be the time to reach out to a lawyer. This might lead you to the question of “how can I find a will writing lawyer near me- Doylestown, PA?”
Klenk Law has helped thousands of people to plan and review their estate. We do so in a way that is affordable, strategic, and practical. At the same time, we consider debts, creditors, and parties who might not have the estate’s interest in mind. Without taking those first steps to find a lawyer, your estate may be at risk. Should you die without a will, your estate will be considered intestate. In this case, the court will get involved and oversee everything.
If you’re thinking about drafting a will, you deserve sincere kudos. According to a Caring.com survey analyzed by Forbes and the AARP (among other prominent news outlets and respected organizations), a stunning 6 out of every 10 American adults do not yet have a will.
This statistic is alarming. Especially since none of us know when our will shall become “active.” Without a plan in place, loved ones suffer. If you’ve done a basic search, you’re also ahead of the pack. Many Americans assume that they can quickly write a will themselves. Some people feel like using a template or scratching rough instructions on a piece of paper and merely filing it away. This technique runs a high risk of creating an unenforceable document. Without years of practice, you can easily overlook important tax issues. These costly mistakes become apparent only when it is too late. By searching for an estate planning lawyer, you’ve done what so many have yet to do. You seek informed guidance that will allow your will to be legally valid, enforceable, and protective of your interests.
Before searching, you should take a moment to learn about some of the primary estate terms. Familiarizing yourself with these terms can help you plan out your estate in an informed, knowledgeable manner. If you have any further questions, please call Klenk Law.
A will is a legal tool that anyone with assets should consider having. The document generally contains written instructions that dictate how their assets are to be distributed upon their death. A will may also include details such as where they should be cremated or buried, who should take care of their pets, and so forth. When you look for a lawyer, he or she can explain what is needed from you. Keep in mind that it is possible to draft a will on your own; however, your beneficiaries (or those who think they should be included in your will) could dispute the estate if any mistake is made. Common mistakes include using the wrong word or punctuation, lack of details, failure to have a witness sign the will, and so forth.
Probate is a legal procedure that any estate with or without a will must go through. If there is no will, probate will ensue unless the estate has little to no value. The probate exception is when the estate is held within a trust.
Probate is overseen by a Probate Court judge who will name a representative to ensure everything is handled correctly. The judge will also have the duty of making important decisions about the estate. Probate can be expensive and time-consuming. If you are searching for a will writing lawyer and ultimately decide that you don’t want your estate to go through the probate process, you may want to consider a trust.
If you need a lawyer to write your will or estate plan, please call Klenk Law for guidance and assistance now.
For more detailed information, see my article, Estate Planning: Everything You Need to Know.
Unless you have a legal education, you are likely unfamiliar with the estate planning’s ins and outs. Furthermore, Peter Klenk has a Masters in Taxation (LL.M.) from the #1 ranked NYU Law School program. Planning a will involves knowing about capital gains taxes, income taxes, inheritance taxes, and estate taxes. It takes years of practice and studies to assemble this knowledge.
As a result, you understandably might not address issues that end up harming your family. Similarly, you probably don’t know how to ensure that a will is constructed and otherwise executed so that the court will treat it as enforceable as written. Finally, you likely aren’t aware of how to legally update your will so that these updates are binding and lawfully effective, as well. There is no need for concern. Our attorneys have extensive experience with each of these matters. By consulting an estate planning attorney (as opposed to writing a will yourself), you’ll be granted peace. Know that you have completed a critically important task, and this task has not been done haphazardly. Instead, you have been efficient and effective. You worked hard to earn what you have.
Furthermore, you have a vested interest in protecting your loved ones after you’re gone. Retain an experienced attorney to write your will. You’ll serve both of these interests in enforceable ways.
If you’re searching for a “will writing lawyer near me,” you need to look no further than Klenk Law. Our experienced attorneys can craft you a valid, enforceable will efficiently. This process does not take an overwhelming amount of time, nor will it cost you a vast amount in attorneys’ fees.
Additionally, our professionals will be more than happy to assist you with any additional estate planning needs. Our attorneys have passed the bar in several states. We have offices in Doylestown, Allentown, Philadelphia, and King of Prussia, and our New Jersey office readily serves clients surrounding Marlton, New Jersey. Our offices in each of those locations can accommodate your needs. You don’t need to search for a “will writing lawyer near me” in Doylestown, Pennsylvania, any longer – you’ve got Klenk Law at your service.
While it should come as no surprise that many inadvertently put the process of estate planning off for another time, the development of well-executed estate planning documents is critical for the future. While a will is undoubtedly an essential component of the estate plan, it is not the only document that will need to be developed. Many other vital decisions will be made when planning for the future. Suppose you become incapacitated, unable to make decisions on your own, or pass away. In that case, you will need an estate plan to help guide your family and loved ones on your estate’s crucial decisions. When searching for a “will writing lawyer near me,” our Doylestown, PA lawyers at Klenk Law will be the top firm to consider. We can help you make the necessary decisions and educate you regarding crucial components to your estate plan, including:
One of the first documents you will develop is your will. A will is a legal document that outlines a person’s wishes for how they would like their property and assets distributed after their death. The will should appoint beneficiaries for your assets, identify an executor to carry out your final wishes and provide information regarding who will care for your children.
A trust is a document that outlines how you would like your assets distributed. When you choose a trust, assets are put into a trust account with a trustee assigned to oversee the account. In some situations, the grantor (you) can retain control over the trust until you pass away, at which point the trustee will assume control and carry out your wishes. This is a way to avoid probate and dictate how assets will be passed to beneficiaries.
A durable power of attorney can be a temporary document used throughout your lifetime and is appointed to allow another person to make financial decisions on your behalf. Medical or Healthcare power of attorney allows someone you trust to make important medical decisions should you become incapacitated and are unable to do so on your own.
A Doylestown, PA “will writing lawyer near me,” will tell you that all accounts should have designated beneficiaries assigned to them and a secondary beneficiary. Beneficiary designations should be named on all bank accounts, 401Ks, retirement accounts, and insurance policies, to name a few.
If you have minor children, guardianship designations are critical to ensuring your children are cared for by someone you trust. The last thing you want is for the court to step in and make this decision for you. You will want to choose someone who would care for your children in the best way possible. You will also want to choose a backup guardian in the event; your first choice is unavailable or declines the responsibility.
One crucial aspect of an estate plan is appointing an executor to carry out your wishes and resolve the estate when the time comes. They will be responsible for initiating probate proceedings, distributing assets to beneficiaries, managing debts, filing taxes, and protecting assets.
One of the most important things you can do for your family is to create an estate plan that outlines your wishes. Without one, your loved ones will be left to decipher what your final wishes would have been. This can naturally lead to familial conflict that may be incredibly damaging to relationships. Additionally, you will likely want to ensure that you have safeguarded all of what you have worked so hard to build throughout your lifetime. When considering where to find a Doylestown, Pennsylvania “will writing lawyer near me,” consider the services of Klenk Law.
I was referred to Peter after my divorce to put documents together to protect my assets. He suggested a number of documents that would help protect my children and their future. Also, he put together wills, power of attorney and living wills. I initially spoke with him on the phone, he took 30-40 minutes to understand my situation and explain the benefits of having such documents. After a week or two, I met with him in his office and signed the documents. Everything else was remote phone calls and emails. He re-explained these documents and what whom to share. I am in good hands.
Klenk Law is an exceptional practice. Their fine lawyers and staff team up to produce excellent results for their clients. They excel at explaining the often cryptic laws and policies that govern estate planning right down to the complexities of the various "trust" frameworks. Peter himself manages each client together with his great team, and he has a rare quality to be both a walking encyclopedia of planning minutia and also one of the most likable lawyers I have ever had the pleasure of dealing with. He is truly generous in intellect and in his personal approach to getting the "big picture" for complex family structures. I trust him implicitly to help me make the right choices for the future. In short, Klenk Law is a gem of a firm.
Peter provided outstanding advice and preparation of a will and trusts.
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.