Posted on Mon Jul 15, 2024, on Estate Planning
From Our “Ask a Question” Mailbag: “My husband may have an illegitimate child from before he met me. Would this child inherit from my husband and take away from my other children’s inheritance? How can I protect my family from the possibility of a claim from an illegitimate child in […]
Klenk Law
Posted on Fri Jul 12, 2024, on Estate Planning
From Our “Ask a Question” Mailbag: “I want to start giving cash gifts to my children and grandchildren yearly. I know there is a Gift Tax Exclusion amount I can give away over my lifetime without paying any tax, but I am not sure how the Gift Tax works. How […]
Klenk Law
Posted on Thu May 9, 2024, on Estate Planning
From Our “Ask a Question” Mailbag: “I am a young professional considering whether I need a Will. I have some assets I would like to protect, but I am not what is necessary at this point in my life. What other factors should I consider when making this decision? How […]
Klenk Law
Posted on Thu Apr 25, 2024, on Estate Planning
From Our “Ask a Question” Mailbag: “I am considering developing an estate plan and am collecting information about my assets for my family. My children will know about my house and bank accounts, but I have also invested in Cryptocurrency. How will my Executor or Agent access my Cryptocurrency after […]
Klenk Law
Posted on Thu Apr 11, 2024, on Estate Planning
What to Do if The Executor is Ignoring You Hello. Today we’re going to talk about what to do if an executor is ignoring you. It’s very irritating when this happens. So what’s the situation? Typically, somebody has died, then you are the beneficiary of the estate. It might […]
Klenk Law
Posted on Fri Mar 1, 2024, on Estate Planning
From Our “Ask a Question” Mailbag: “My mother gave me a cash gift early this year. Do I need to report this on my income tax return? Is a gift subject to income tax?” Is a Gift Subject to Income Tax? At the end of the year, it is not […]
Klenk Law
Posted on Fri Jan 26, 2024, on Estate Planning
From Our “Ask a Question” Mailbag: “I recently provided information to a genealogy website. If this website were to identify an unknown child of mine, would this child inherit from me and take away from my other children’s inheritance? How can I protect my family from the possibility of a […]
Klenk Law
Posted on Thu Jan 11, 2024, on Estate Planning
From Our “Ask a Question” Mailbag: “I would like to give my children a cash gift this year, but I hear it might be subject to Gift Tax. Is that true? How does the annual Gift Tax exclusion work?” What is Annual Gift Tax Exclusion? In short, the annual gift […]
Klenk Law
Posted on Wed Jan 10, 2024, on Estate Planning
From Our “Ask a Question” Mailbag: “Last year, I gave each grandchild the 2023 Annual Gift Tax exclusion of $17,000.00. What is the IRS Gift Tax Annual Exclusion for 2024?” IRS Gift Tax Annual Exclusion Rate for 2024. Now that 2023 is in the rearview mirror, it is time to […]
Klenk Law
Posted on Thu Dec 7, 2023, on Estate Planning
How Divorce Impacts Estate Planning Divorce can be difficult emotionally and financially. One important task to remember during a divorce is ensuring your estate plans are tailored to your new situation. As you consider and plan for your new post-separation life circumstances, do not overlook the future and the inevitable […]
Klenk Law
Peter Klenk is the founding member of Klenk Law, a seven attorney boutique estate planning law firm. We serve clients in Pennsylvania, New Jersey, New York, Minnesota and Florida. Peter Klenk received his Masters in Taxation LL.M. from NYU Law School and his J.D. from the University of Minnesota Law School. He served his country in the Navy JAGC during Desert Storm. Easy to talk to, feel free to call Peter for an appointment. We will make the process as easy as possible!
"I worked for Peter Klenk for 4 wonderful years. I can’t speak highly enough of everyone at the firm. Everyone truly cares about their clients and has a strong sense of responsibility to get things done right. I would highly recommend Klenk Law!"
Flora Novick
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 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.
Peter provided outstanding advice and preparation of a will and trusts.
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.
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