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In Reading, PA, Should You Share Your Estate Plans With Loved Ones?

Posted by Scott Hoh | Feb 21, 2024 | 0 Comments

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.

3 Examples of When an Irrevocable Trust Can-- and Should--Be Modified

Posted by Scott Hoh | Feb 02, 2024 | 0 Comments

Resolution Law Firm in Reading, PA talks about Irrevocable Trusts and when to modify them. Should your irrevocable trust be modified or terminated? If you are not sure whether an irrevocable trust is still a good fit or if you wonder whether you can benefit more from your trust, we are happy to meet with you so we can analyze your current trust.

January 28th is International LEGO Day!

Posted by Scott Hoh | Jan 26, 2024 | 0 Comments

January 28th is International LEGO day and like ships and towers built with these plastic bricks, estate planning has several bricks and layers to it. Customizing estate plans to ensure all the specifics of your desires and legacy is very similar to possibilities you have with LEGOs. Like LEGO estate plans can be built any way imaginable!

5 Common Estate Planning Mistakes

Posted by Scott Hoh | Jan 24, 2024 | 0 Comments

Resolution Law Firm wants to remind you about 5 common mistakes made daily in estate planning. We here in Berks County, Reading, PA are susceptible to all of these estate planning mistakes! Here are your most valuable tips to avoid these headaches in estate planning.

Do I really need a Estate Plan?

Posted by Scott Hoh | Dec 06, 2021 | 0 Comments

People sometimes think estate planning is only for the older generation. But it's really something to consider at all ages. In fact, there's more than one valid reason to create an estate plan no matter how old you are. In this article, we are going to take a closer look at the estate planning ne...

The Downfalls of Adding Your Children to Your Bank Account

Posted by Scott Hoh | Nov 30, 2020 | 0 Comments

I want to leave my bank accounts to my children when I'm gone. Can't I just make the children joint owners?  That idea sounds better than it actually is. Yes, you would avoid court proceedings when you pass. But you'd put yourself at risk, at a time when you might need your money yourself. Your ...

6 Social Security Changes Taking Effect in 2021

Posted by Scott Hoh | Nov 23, 2020 | 0 Comments

The Social Security Administration (SSA) publishes upcoming changes to its social security program every October that take effect on January 1 of the next year. These changes can make a difference in how you plan for or live during your retirement years. It is good practice to create what is know...

Beneficiary Designations: Pitfalls You May Not Know About

Posted by Scott Hoh | Nov 16, 2020 | 0 Comments

You might think that leaving your property to your heirs would be simple enough. You make a will or a trust, you do a transfer-on-death deed for your real estate, you put your kids on your bank account, you designate beneficiaries for your life insurance and retirement accounts, and you're done. ...

Letter of Instruction for Your Estate Plan

Posted by Scott Hoh | Nov 09, 2020 | 0 Comments

Whether you are starting from scratch or have an estate plan in place a letter of instruction (LOI) is an important part of any comprehensive plan. A letter of instruction can help your loved ones manage important information about you. A LOI conveys your desires, includes practical information a...

Why an Updated Advanced Healthcare Directive Is Important

Posted by Scott Hoh | Oct 19, 2020 | 0 Comments

In this Covid-19 epidemic, a wrenching question especially demands an answer: if you or someone you love is taken down into life-threatening illness, how far would you want extreme life-prolonging measures to be tried? For us who are particularly vulnerable – seniors, those with compromised immu...

The Importance of Keeping Your Estate Plan Current

Posted by Scott Hoh | Oct 12, 2020 | 0 Comments

You should check your estate planning documents every so often, to make sure they're still good, especially with big life changes like births, marriages, divorces, and moving to another state. Children grow up, marriages dissolve, property gets sold, residences change. That's why we recommend tha...

Do I Need a Trust?

Posted by Scott Hoh | Oct 11, 2020 | 0 Comments

This is a common question we hear. Read on for information to help figure out whether you need a trust and, if so, what kind fits your specific situation. For example, maybe you have a disabled child and you want a trust to permit that child to inherit without losing government benefits. Maybe y...

Holding Title to Real Estate Property

Posted by Scott Hoh | Sep 21, 2020 | 0 Comments

For many people, real property, including their home, is a big part of their overall net worth.  How the home and other pieces of real property is titled deserves careful consideration. Real estate constitutes the land and any structure, including vegetation, livestock, crops, and other natural r...

How to Avoid Probate Court

Posted by Scott Hoh | Sep 14, 2020 | 0 Comments

Many people have been told that it is important for people to “avoid probate.” But just because people may have heard that term, doesn't mean they know exactly what probate means, why it can be a problem or how to successfully avoid it. In this post, we will take a look at the term probate to und...

Resources to Assist You In Better Understand Medicare

Posted by Scott Hoh | Sep 11, 2020 | 0 Comments

For those interested in information on Medicare, understand that applying for the benefit sometimes seems like a double-edged sword. On the one hand, Medicare is obviously a good resource because it provides medical benefits to seniors who are often on a fixed income. On the other hand, however, ...

A Growing Number of Seniors are Experiencing Bankruptcy

Posted by Scott Hoh | Aug 17, 2020 | 0 Comments

Due to several underlying variables, the US is seeing an increased amount of bankruptcy among seniors. While medical advances are keeping seniors alive longer, the associated healthcare costs in the quest for longevity are being off-loaded onto the older individual at a time when reduced income i...

Looking to Complete Your Estate Plane Online? We Can Help!

Posted by Scott Hoh | Aug 10, 2020 | 0 Comments

Maintaining proper social distancing routines is crucial in stopping the spread of this virus. Call or email us to find out how we can help you complete your estate plan without taking a single step outside your safe home. Formerly, most states required that important legal documents must be sig...

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