Blog Archives - Law Office Of Skipton Reynolds, LLC
A Letter to our valued clients and community partners – Coronavirus Update
Archive

Category: Blog

Estate Planning

Speak with an estate planning attorney at our firm.

Get estate planning from the attorney at The Law Office Of Skipton Reynolds. When searching for an estate planning attorney you want the absolute best. Depending on your estate itself, formulating an estate plan can quickly become an incredibly complex process that requires knowledge and experience to determine the planning strategy best for you. The … Continue reading

Protect Your Assets From the Coronavirus With These Four Estate Planning Documents

Photo of Estate Planning During the Coronavirus

The Novel Coronavirus (COVID-19) outbreak has altered many areas of everyday life. The most obvious changes involve business closures and supply shortages. However, perhaps less obvious, is the affect this novel virus could have on the status of your estate plan. While your everyday life may seem precarious at the moment, taking extra precautions can … Continue reading

What Are the Best Asset Protection Strategies in Colorado?

Most people, not just the super wealthy, have assets that they would like to protect in the present moment. If you are one of them, then you should take advantage of the asset protection laws in Colorado. In many cases, asset protection strategies can help you protect your assets better than drafting a will. Yet, … Continue reading

Home Care Costs Rise Sharply in Annual Long-Term Care Cost Survey

When it comes to long-term care costs, the charges for home care are now rising faster than those for nursing home care, according to Genworth’s 2019 Cost of Care survey. In the past year, the median annual cost for home health aides rose 4.55 percent to $52,624, while the median cost of a private nursing home room … Continue reading

Why Was I Told To Disinherit My Spouse?

Unfortunately, one spouse will often become ill before the other. In the event that one spouse needs nursing home care, an attorney will often tell the well spouse, often known as a community spouse, to disinherit his or her spouse. Obviously, the thought of disinheriting a spouse is a very emotional and stressful moment in … Continue reading

Feds Release 2019 Guidelines Used to Protect the Spouses of Medicaid Applicants

In 2019, the spouse of a Medicaid recipient living in a nursing home (called the “community spouse”) may keep as much as $126,420 without jeopardizing the Medicaid eligibility of the spouse who is receiving long-term care. Called the “community spouse resource allowance,” this is the most that a state may allow a community spouse to … Continue reading

When Can an Adult Child Be Liable for a Parent’s Nursing Home Bill?

Contact us with questions about estate planning.

Although a nursing home cannot require a child to be personally liable for their parent’s nursing home bill, there are circumstances in which children can end up having to pay. This is a major reason why it is important to read any admission agreements carefully before signing. Federal regulations prevent a nursing home from requiring a … Continue reading

New Federal Law Puts Focus on Preventing Elder Abuse

Our blog explains a new elder abuse prevention law.

A new federal law is designed to address the growing problem of elder abuse. The law supports efforts to better understand, prevent, and combat both financial and physical elder abuse. The prevalence of elder abuse is hard to calculate because it is underreported, but according to the National Council on Aging, approximately 1 in 10 Americans … Continue reading

Two Popular Medigap Plans Are Ending. Should You Enroll While You Can?

Contact our law office for a consultation.

If you will soon turn 65 and be applying for Medicare, you should carefully consider which Medigap policy to enroll in because two of the most popular plans will be ending soon. In 2020, Medicare beneficiaries will no longer be able to enroll in Plans F and C. Between copayments, deductibles, and coverage exclusions, Medicare … Continue reading