Posted by Scott Hoh | Jan 10, 2025 |
Most life insurance policies provide flexibility in how the death benefit is paid, but policies do not actually pay out in every situation. If you have life insurance policy coverage, you need to understand the scenarios that can nullify it to ensure that your loved ones receive the financial protection the policy is intended to provide. Let us at Resolution Law Firm create your unique estate plan to ensure protection for yourself and loved ones.
Posted by Scott Hoh | Jan 03, 2025 |
We provide three scenarios illustrating what will generally happen when you die, whether you pass away intestate (without a will or trust), with a will, or with a revocable living trust (sometimes referred to simply as a trust). Hesitation to begin the estate planning process stems from the lack of information we have about it; we hope these examples provide clarity.
Posted by Scott Hoh | Dec 15, 2024 |
These are the steps to stop mail addressed to a deceased person. It is a federal offense to read someone else's mail, so if you are not the legal representative of the deceased person, do not open their mail.
Posted by Scott Hoh | Dec 09, 2024 |
In an estate plan, you may need to update from time to time. Beneficiary designations are set early on when created in accounts and may or may not need an update, but should be regularly checked on as well.
Posted by Scott Hoh | Dec 04, 2024 |
Estate planning explained when there is only one child involved. Among children expecting to receive an inheritance, half consider it “highly critical” or “critical” to their long-term financial security.
Posted by Scott Hoh | Nov 29, 2024 |
Many believe they do not need an attorney to help them prepare and record a new deed. Instead, they think a deed template can simply be downloaded online or obtained from a book, filled out, signed, and then easily recorded. However, deeds are legal documents that must comply with state law to be valid. In addition, in many states, property will not pass to the other owners listed in a deed free of probate unless certain specific legal terms are included in the dee
Posted by Scott Hoh | Nov 25, 2024 |
Estate planning is complicated even in its best of times and we discuss how to manage and simplify your estate planning. Estate planning ensures your wishes are followed through and loved ones and yourself are better prepared.
Posted by Scott Hoh | Nov 21, 2024 |
At Resolution Law Firm in Reading, PA, we believe in the importance of staying informed, both for ourselves and for our valued clients. My name is Scott Hoh, and I am here to provide trusted guidance when it comes to estate planning, probate, wills, and trusts. I am committed to educating you eve...
Posted by Scott Hoh | Oct 30, 2024 |
Pension and retirement accounts often form a large portion of an individual’s wealth and should be accounted for in an estate plan. If a retirement account holder completes a proper beneficiary designation, their account assets will bypass probate.
Posted by Scott Hoh | Oct 23, 2024 |
Estate planning is not just for the wealthy. Every adult should have an estate plan, yet surprisingly, most Americans do not. The perceived cost of creating one is among the most cited reasons for a lack of estate planning. The consequences of not having an estate plan can become more costly in the event of death or incapacity than the upfront costs associated with creating estate planning documents like a will, power of attorney, and healthcare directive.
Posted by Scott Hoh | Sep 16, 2024 |
No state allows a spouse to be disinherited against their wishes. The amount surviving spouses are legally entitled to receive, however, varies by state and depends on key factors. There are instances where a prenuptial or postnuptial agreement do waive your spouse's right to inheritance.
Posted by Scott Hoh | Sep 09, 2024 |
Scott Hoh tells us 5 tragic mistakes commonly made when it comes to estate planning for our beloved pets. You can plan proper care for your pet after your passing as well. Don't make these mistakes, and ensure your pet's care today.
Posted by Scott Hoh | Sep 02, 2024 |
Scott Hoh at Resolution Law Firm serving Berks and Lancaster county and surrounding areas in Reading, PA explains what a General Power of Appointment entails. If you are deciding if you may need a General Power of Appointment please reach out with any questions you may have after this short read. If you have been appointed General Power of Appointment these are a few common responsibilities.
Posted by Scott Hoh | Aug 29, 2024 |
Scott Hoh in Reading, PA at Resolution Law Firm discusses the conditions you can put on your child's inheritance. The two types of gifts are explained, precedent and subsequent.
Posted by Scott Hoh | Aug 22, 2024 |
Scott Hoh here again in Reading, PA. Educating ourselves is a top daily priority for us as well as our clients. I am your best option when you are searching for a lawyer to guide you through the stressful tasks that come with estate planning, probate, wills and trusts. However, regardless of hire...
Posted by Scott Hoh | Jul 31, 2024 |
In 2025 estate plans will become outdated and may need to be modified. If you haven't began your estate planning process, it is urgent to do so. Fewer estate plans and wills are being created than ever before. The reason is the overwhelming tasks and conversations that must be had when it comes to creating wills and trusts, as well as planning for incapacitation or emergency decisions for you before it ever happens.
Posted by Scott Hoh | Jul 16, 2024 |
Scott Hoh here in Reading, PA, serving Berks and Lancaster and surrounding counties. Educating ourselves is a top daily priority for us as well as our clients. I am your best option when you are searching for a lawyer to guide you through the stressful tasks that come with estate planning, probate, wills and trusts. Today's blog is to stress it is never too early to begin your financial planning journey. The time is now to plan for your retirement.
Posted by Scott Hoh | Jul 12, 2024 |
Scott Hoh in Reading, PA, also serving Berks and Lancaster, relates Snow White and estate planning, letting us know what the king should had done. We relate more to this fairytale than we realize. Estate planning saves your home from falling into the wrong hands. Estate planning is about knowing your priorities.
Posted by Scott Hoh | Jun 25, 2024 |
Scott Hoh at Resolution Law Firm in Reading, PA discusses what you can NOT do as a trustmaker in a revocable living trust. Trusts may be complicated and we are here to clarify what you may and may not be able to do in revocable living trust.
Posted by Scott Hoh | Apr 26, 2024 |
Scott Hoh from Resolution Law Firm in Reading, PA, talks about estate planning for incapacitation. We most often take care of our estate plan in preparation for when we are gone, this blog talks about the estate planning and medical decisions you need to prepare for you while you are alive but unable to make these decisions yourself. Wills and estate plans are just the surface steps to preparing for your financial future.
Posted by Scott Hoh | Apr 09, 2024 |
The best advice for your estate planning is from a reputable licensed attorney. There are several people involved in the estate plan process but not all advice could be correct. When it comes to your estate plan Scott Hoh of Resolution Law firm will point you in the right direction of clarity. Successfully serving Berks County, Lancaster, and surrounding areas in Reading, PA.
Posted by Scott Hoh | Apr 05, 2024 |
Resolution Law Firm in Reading, PA provides a few examples of special needs trust (SNT). Family discussions are crucial in ensuring the correct trustee for these matters. We explain you can have more than one trustee and they can also hire an attorney for these trusts.
Posted by Scott Hoh | Apr 01, 2024 |
Resolution Law Firm explains the executor and probate's role in estate planning. Serving Berks County and surrounding areas in Reading, PA successfully in issues related to probate, estate planning, and wills. When wishes are unclear in these, attorney assistance is required, and examples of the executor's responsibilities are provided.
Posted by Scott Hoh | Feb 23, 2024 |
Reading, PA and Berks County We talk about estate plans and estate planning, but we want to discuss the benefits of a trust protector. We discuss 6 benefits a trust protector could provide to your plans.
Posted by Scott Hoh | Feb 21, 2024 |
Sharing your estate plan with your loved ones can compromise the privacy of your financial and personal information. We discuss the transparency sharing estate plan details can offer to loved ones. Estate planning can be a complex and sensitive matter, so your choice may depend on your unique relationships with loved ones and your family dynamics.