Kristen M. Lynch, Esq. is a Partner at the law firm of Lubell Rosen, where she works with clients regarding probate matters, guardianship, and estate and retirement planning. Ms. Lynch is an Accredited Estate Planner® as designated by the National...
Practice areas & skills: Trusts, Probate, Employee Benefits, Guardianship, Estate Planning
I'm an Asset Protection Attorney who has been featured in The New York Times. This is how I became an Asset Protection Attorney: When I was fourteen years old, I worked 10+ hours per day on a thoroughbred racehorse farm for $100 per week. At ...
Practice areas & skills: Trusts, Estate Planning, Business, Litigation
Review: “Ms. Arlene Lakin is well known and highly respected among her peers in the legal profession. I have worked with Ms. Lakin over the last several years. She is always well prepared and extremely capable.”
Practice areas & skills: Trusts, Estate Planning, Guardianship, Probate, Elder Law
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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.