Asset Protection

One of the best ways to protect your assets is an irrevocable trust. It provides a number of benefits, including tax and gifting advantages, as well as protection against long-term care costs and other threats. At Sykes Elder Law, we can help  you design a...

A pet trust for Fluffy

You don’t have to be Leona Helmsley to set up a trust for a beloved pet. After the billionaire Helmsley’s death, her white Maltese lived in the lap of luxury on its multi-million dollar trust fund. But Pennsylvania law allows people of even modest means to...
Can you undo an irrevocable trust?

Can you undo an irrevocable trust?

“Irrevocable.” That word concerns many people, despite the effectiveness of irrevocable trusts in protecting assets and avoiding probate. It’s true that, in general, an irrevocable trust cannot be entirely undone by the person who created it (called the...

Who should you name as your trustee?

Trusts are increasingly common – even in middle class estate planning – for their effectiveness in avoiding probate, protecting assets, helping minor children, and serving the disabled. If you’re not the trustee of your own trust, who should you name? Even if...