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Can I Leave My Spouse Out of My Estate Plan?

by Eileen Kerlin Walsh | Aug 26, 2024 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Power of Attorney, Wills & Trusts

The relationship between spouses is special in all contexts, not the least of which is the estate planning context. In many instances, you can exclude people from your estate plan, including your parents, siblings, and adult children. But there are special protections...

What Conditions Can I Put on My Child’s Inheritance?

by Eileen Kerlin Walsh | Aug 26, 2024 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Wills & Trusts

You have two primary options for leaving an inheritance to a child. The most straightforward is to give it to them in a single lump sum, with no strings attached. But this might not be the best option for some children. You may be concerned about the child’s ability...

Things to Know When Planning for an Addicted Loved One

by Eileen Kerlin Walsh | Aug 26, 2024 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Wills & Trusts

It has been said that the only thing harder than being an addict is loving one. It can be particularly difficult for a parent to bring a child into the world, full of hopes and dreams about their future, and then watch them spiral down into addiction. Having someone...

To the Millennials: The Time to Plan Is Now

by Eileen Kerlin Walsh | Aug 24, 2024 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Pet Trusts, Wills & Trusts

As a millennial, you are contributing to the workforce in a major way and are making positive changes in the world around you. We understand that your concerns may differ from someone of a different generation, and we are here to help you craft an estate plan that...

Estate Planning Is About Knowing Your Priorities

by Eileen Kerlin Walsh | Aug 24, 2024 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Wills & Trusts

Thinking about the world and how our loved ones will fare after we pass away can be very difficult. Although we all know that we will pass away at some point, this is not something most people like to dwell on. However, by proactively planning and prioritizing your...

Property Sisters: The Perils of Joint Property

by Eileen Kerlin Walsh | Jul 31, 2024 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Palos Park Property Sisters, Wills & Trusts

People often set up bank accounts or real estate so that they own it jointly with a spouse or other family member. The appeal of joint tenancy is that when one owner dies, the other will automatically inherit the property without it having to go through probate....
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