by Andrew Sykes | Feb 25, 2019 | Trusts
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...
by Andrew Sykes | Apr 10, 2017 | Medicaid Planning, Trusts
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...
by Andrew Sykes | Dec 6, 2016 | Estate Administration, Trusts, Wills
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...
by Andrew Sykes | Oct 31, 2016 | Elder Law - General, Estate Planning, Trusts
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...
by Andrew Sykes | Oct 21, 2016 | Estate Planning, Medicaid Planning, Trusts
$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...
by Andrew Sykes | Aug 15, 2016 | Estate Administration, Trusts
A trust can have powerful effects – protecting assets from long term care costs, safeguarding an estate from loss due to unexpected events, preserving benefits for the disabled, saving probate and legal costs … the list goes on. But many trusts fail to work as...