Lisa A. Lawrence began her legal career working in Business Litigation. Starting in... more
Lisa A. Lawrence began her legal career working in Business Litigation. Starting in 2007, Lisa began a solo practice working in tax law, willls, and trusts & estates. Also in 2007, she became an Of Counsel to Julian M. Baum & Associates, specializing in ERISA and insurance "bad faith" claims. Her practice in this area is limited to the work she does for Julian M. Baum & Associates. She cont... view profile
Ms. Barrett has often been quoted by financial editors of the Orange County Register... more
Ms. Barrett has often been quoted by financial editors of the Orange County Register and the Los Angeles Times, and has been a guest on KABC and KCAA talk radio. She is also a (2010,2011, 2012) Five Star award winner. She is a frequent speaker on the subject of estate planning to such groups as the Metropolitan Water District of Southern California, Goodwill of Orange County, Arthritis Foundati... 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.