March 2019 - Law Office Of Skipton Reynolds, LLC

Month: March 2019

Using a Donor-Advised Fund May Be a Way to Get a Charitable Tax Break Under the New Tax Law

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Donor-advised funds are a growing trend in giving that may get more popular due to the new tax law. These funds allow you to donate money, receive a charitable tax deduction, and continue to grow the money until you are ready to distribute it to a charity or charities of your choice.  A donor-advised fund is … Continue reading

How to Deal With Student Loan Debt as You Age

Stacks of $100 Bills and a Graduation Hat Representing Student Loan Debt

The number of older Americans with student loan debt – either theirs or someone else’s — is growing. Sadly, learning how to deal with this debt is now a fact of life for many seniors heading into retirement. According to a study by the Consumer Financial Protection Bureau, the number of older borrowers increased by at least 20 percent … Continue reading

A Tax Break to Help Working Caregivers Pay for Day Care

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Paying for day care is one of the biggest expenses faced by working adults with young children, a dependent parent, or a child with a disability, but there is a tax credit available to help working caregivers defray the costs of day care (called “adult day care” in the case of the elderly). In order to qualify … Continue reading

How Can I Make Sure My Assets Are Protected for My Grandchildren?

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There are many different factors involved with asset protection, especially when it comes to building your estate plans. If you want to ensure that your assets are passed down to your grandchildren safely and correctly, it’s important that you have an open and honest conversation with your children about your estate planning goals. What Are … Continue reading

How Will I Benefit from an Asset Protection Trust?

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While creating your estate plans, one of your main concerns could include how to protect your assets. Securing your assets, which can include any money, real estate, or special collections, is an important part of your estate planning. Many asset protections are included in insurance plans, but there are other options available for keeping your … Continue reading