Trusts
5 Useful Features for an Asset Protection Trust
When designing a trust to protect assets against nursing home spend-down, lawsuits, scam artists, undue influence from family or acquaintances, or other hazards, we use certain features over and over again. These features make the trust more user-friendly, allowing...
Asset protection: saving your house with a trust
For many middle class seniors, the house is one of their major assets – sometimes the most valuable asset. I’m often asked, “How do I save my house from being lost to nursing home costs?” The answer in many situations is through the use of an asset protection trust...
How to contest a revocable living trust in Pennsylvania
Most people know that a will made under dubious circumstances can be contested after the death of the person who signed it (or allegedly signed it). But these days, many people use revocable living trusts, instead of wills, to pass their estates to others (usually to...
Asset protection trust: when is the right time?
Readers of our blog know of the power of an asset protection trust in protecting the elderly’s assets from nursing home spend-down, scams, undue influence, creditors, and various other hazards people encounter in their senior years. This post addresses the question of...
Protecting assets from nursing home spend-down
$125,041. That is the average cost of one year of nursing care in Pennsylvania.[i] What will those costs do to a senior’s life savings in three years? Five years? How will your spouse survive financially? These are the questions that bring many of our clients to the...About Andrew Sykes
The founder of Sykes Elder Law, Andrew Sykes is recognized as a leading elder law authority in Pennsylvania. He is a Certified Elder Law Attorney with over 20 years of experience helping clients with estate planning, estate administration, and Medicaid planning.
