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

Tag: asset protection

Revocable vs Irrevocable Trusts

Our Colorado Estate Planning Attorney Explains the Differences Estate planning can be a confusing process because there are often multiple options you can choose from. There are different types of trusts you can use to pass down properties and other assets to your beneficiaries. You can use trusts to keep your estate out of probate … Continue reading

Have You Documented Your End-of-Life Wishes?

Our Attorneys Answer the Following Frequently Asked Questions About Creating an Advance Directive in Colorado Planning for the future is important. You may choose to create a will or trust to manage and protect your assets and property. However, estate planning is not solely about allocating your assets. You should also address your end-of-life wishes … Continue reading

Staying Home During the Coronavirus Outbreak? Time to Plan Your Estate!

State mandates and guidelines have many staying at home during the coronavirus outbreak. These regulations have shut down many local businesses and public areas. This means that most Colorado residents are finding themselves with spare time. One way to remain productive during this time is to take another look at your estate plan, or to … Continue reading

Asset Protection Tips You Can Use When Planning Your Estate

The majority of people spend their entire lives accumulating assets and property. They do so with the intention of leaving these assets and property behind to their loved ones. Unfortunately, without a solid estate plan, your assets may not go to your selected beneficiaries as you intended. Even worse, a simple lawsuit could threaten your … Continue reading

What To Do If You Are Appointed Guardian Of An Older Adult

Being appointed guardian of a loved one is a serious responsibility. As guardian, you are in charge of your loved one’s well-being and you have a duty to act in his or her best interest. If an adult becomes mentally incapacitated and is incapable of making responsible decisions, the court will appoint a substitute decision … Continue reading

The 2020 Social Security Increase Will Be Smaller Than 2019’s

The Social Security Administration has announced a 1.6 percent increase in benefits in 2020, nearly half of last year’s change. The small rise has advocates questioning whether the government is using the proper method to calculate the cost of living for older Americans and those with disabilities. Cost-of-living increases are tied to the consumer price … Continue reading

Will Trump’s Immigration Policy Cause a Shortage of Caregivers for the Elderly?

As the population ages, the need for caregivers is growing, but the Trump administration’s immigration policies, whatever you may think of them, could have a negative impact on a caregiving industry that is already facing workforce shortages. The Supreme Court is currently considering President Trump’s decision to end the program that protected young undocumented immigrants … Continue reading

Five Tips for Starting Retirement Planning in Your 50s

When it comes to retirement planning, many Americans find themselves underprepared. A majority of baby boomers (born between 1946 and 1964) and Generation X’ers (born between 1965 and 1978) often end up without retirement savings or don’t have realistic expectations about post-retirement costs. According to the Insured Retirement Institute, only 25 percent of boomers are confident … 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

What Is A Life Estate

The phrase “life estate” often comes up in discussions of Estate and Medicaid planning, but what exactly does it mean? A life estate is a form of joint ownership that allows one person to remain in a house until his or her death, when it passes to the other owner. Life estates can be used … Continue reading