by Eileen Kerlin Walsh | Nov 7, 2024 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Power of Attorney, Wills & Trusts
If you have a beloved late grandmother, many images and memories may come to mind when you reminisce about her. You might picture her at her home or at the family vacation house during the holidays. Your memory could be a special meal that only she prepared for you or...
by Eileen Kerlin Walsh | Nov 7, 2024 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Wills & Trusts
Many estate plans incorporate irrevocable dynasty trusts, which can offer benefits such as tax minimization and asset protection. The benefits of these types of trusts continue for a surviving spouse’s lifetime and several future generations. The actual duration of...
by Eileen Kerlin Walsh | Nov 7, 2024 | Blog, Common Questions, Estate Planning, Healthcare Decisions, Kerlin Walsh Law, News, Wills & Trusts
We know it is difficult, even horrific, to imagine someone else raising your children. However, you must consider who you would choose to fill this important role. Otherwise, a judge—a stranger who does not know you or your wishes, your child, or your relatives and...
by Eileen Kerlin Walsh | Nov 7, 2024 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Power of Attorney, Wills & Trusts
While the term fiduciary is a legal term with a rich history, it generally means someone who is legally obligated to act in another person’s best interest. Trustees, executors, and agents are examples of fiduciaries. When your client selects people to fill these roles...
by Eileen Kerlin Walsh | Nov 7, 2024 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Wills & Trusts
When a trust is established, a person is nominated to be the trustee. If your client is creating a revocable living trust, they will likely be the initial trustee. They will also want to name successors or backup trustees to step in and manage the trust’s affairs if...
