Ms. Anderson is the principal of Anderson Elder Law in Media, PA, and concentrates... more
Ms. Anderson is the principal of Anderson Elder Law in Media, PA, and concentrates her practice in the area of elder law matters. Ms. Anderson is a certified elder law attorney by the National Elder Law Foundation and is a member of the National Academy of Elder Law Attorneys. She is an Accredited VA Attorney, and is a member of the Special Needs Alliance as well as the Life Care Planning Law F... view profile
Dawn Getty Sutphin has been a member of the Pennsylvania Bar since 1989 and New... more
Dawn Getty Sutphin has been a member of the Pennsylvania Bar since 1989 and New Jersey Bar since 1990. She has practiced in a large Philadelphia firm as well as for a smaller New Jersey Law office. She completed her LLM in Taxation, a post graduate law degree, at Villanova Law School and concentrates her practice on federal estate taxes, state inheritance tax, drafting wills and trusts, estate ... view profile
A trust is an arrangement whereby someone owns and manages money or property for another person's benefit. Like a guardianship, a trustee has decision-making authority over the trust property, but no court is involved in the trustee's action–the person who creates the trust defines the scope of the trustee's power. There are many different trust types, including probate trusts, income trusts, spendthrift trusts, and educational trusts. For example, a living trust allows you to manage your property while you are alive and to direct who will manage it if you become incapable of doing so. In essence, you choose your own “guardian” in advance and avoid having the court do it for you. A trust attorney reviews the many reasons for establishing a trust with you, and can ensure your trust will be legally valid.