by Eileen Kerlin Walsh | Dec 22, 2023 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Wills & Trusts
Trust protectors are commonly used in the United States. Essentially, a trust protector is someone who serves as an appointed authority over a trust that will be in effect for a long period of time. Trust protectors ensure that trustees maintain the integrity of the...
by Eileen Kerlin Walsh | Dec 22, 2023 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, Life Insurance, News, Wills & Trusts
While many wines get better with age, the same cannot be said for some irrevocable trusts. Maybe you are the beneficiary of a trust created by your great-grandfather over 70 years ago, and that trust no longer makes sense. Or maybe you created an irrevocable...
by Eileen Kerlin Walsh | Dec 22, 2023 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, Life Insurance, News, Wills & Trusts
Today, many estate plans contain an irrevocable trust that will continue for the benefit of a spouse’s lifetime and then continue for the benefit of several generations. Because trusts like these are designed to span multiple decades, it is important that they include...
by Eileen Kerlin Walsh | Dec 22, 2023 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Wills & Trusts
Did you know that irrevocable trusts can be modified? If you did not, you are not alone. The name lends itself to that very misconception. However, the truth is that changes in laws, family, trustees, and finances can frustrate the trustmaker’s original intent when...
by Eileen Kerlin Walsh | Nov 27, 2023 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, Life Insurance, News, Wills & Trusts
Though many people are familiar with life insurance policies and have a general understanding of how they work, the process of selling a life insurance policy to a third party may be less commonly understood. When an insured party sells a life insurance policy to a...
by Eileen Kerlin Walsh | Nov 27, 2023 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, Life Insurance, News, Wills & Trusts
A common misconception people have about life insurance is that they only need to designate their spouse, child, or loved one as the beneficiary of the policy to ensure that the life insurance benefits will be available to the beneficiary when they die. Life insurance...
