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.
Posted by Scott Hoh | Feb 02, 2024 |
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.
Posted by Scott Hoh | Jan 26, 2024 |
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!
Posted by Scott Hoh | Jan 24, 2024 |
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.
Posted by Scott Hoh | Dec 23, 2021 |
Where is the best place to keep your original documents? In case of emergency, it is important to have them accessible.
Posted by Scott Hoh | Dec 20, 2021 |
In the state of Pennsylvania, a pet trust is used to designate funds and any wishes on behalf of a pet.
Posted by Scott Hoh | Dec 06, 2021 |
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...
Posted by Scott Hoh | Jul 27, 2021 |
When Jerry Garcia the front man for the Grateful Dead past away in 1995, he left behind a collection of custom guitars to Douglas Irwin (the man who created them).
However the rest of the band members of the Grateful Dead did not agree with this. The band argued that all the band instruments we...
Posted by Scott Hoh | Nov 30, 2020 |
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 ...
Posted by Scott Hoh | Nov 23, 2020 |
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...
Posted by Scott Hoh | Nov 16, 2020 |
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.
...
Posted by Scott Hoh | Nov 09, 2020 |
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...
Posted by Scott Hoh | Oct 26, 2020 |
Mistakes can be made when it comes to inheritances and Medicaid. Those mistakes can be costly.
When a person is drawing Medicaid benefits and inherits money or property, that inheritance jeopardizes the benefits. The inheritance must be handled carefully to minimize expensive penalties. What “c...
Posted by Scott Hoh | Oct 19, 2020 |
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...
Posted by Scott Hoh | Oct 12, 2020 |
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...
Posted by Scott Hoh | Oct 11, 2020 |
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...
Posted by Scott Hoh | Sep 28, 2020 |
Most people dream of the day they can retire. The problem is that many do not move beyond dreaming to planning. Planning can be done no matter what your age, but experts encourage people to start as early as possible. Retirement planning can seem like a daunting endeavor for many people as they f...
Posted by Scott Hoh | Sep 21, 2020 |
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...
Posted by Scott Hoh | Sep 14, 2020 |
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...
Posted by Scott Hoh | Sep 11, 2020 |
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, ...
Posted by Scott Hoh | Aug 31, 2020 |
Estate planning for the future inheritance of your children and grandchildren should include protective measures to keep assets from disappearing or being claimed by a creditor. A simple way to achieve inheritance protection is through a trust. A trust can pass your wealth bypassing probate. Thi...
Posted by Scott Hoh | Aug 24, 2020 |
In the America, some of our most vulnerable citizens are in our nation's nursing homes. When the novel coronavirus did hit, these nursing homes became its ground zero as many residents and workers did not receive testing, and staff found obtaining personal protective equipment a struggle. Some fa...
Posted by Scott Hoh | Aug 17, 2020 |
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...
Posted by Scott Hoh | Aug 10, 2020 |
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...