What You Should Know About Life Insurance

by Eileen Kerlin Walsh | Nov 27, 2023 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, Life Insurance, News, Wills & Trusts

Part of protecting your loved ones when you pass away is making sure that you have a proper estate plan in place. Another aspect is making sure that the right amount of money is available to carry out your goals for their futures. Life insurance has helped many people...

What Happens to My Leased Car If I Die Before the Lease Term Ends?

by Eileen Kerlin Walsh | Oct 12, 2023 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Power of Attorney, Wills & Trusts

After a house, a car is often the second-most valuable piece of property a person owns. About 15–20 percent of new vehicles are leased rather than purchased and financed. Leasing is a popular alternative to traditional financing because it can allow the lessee (the...

What Not to Include in Your Estate Planning Documents

by Eileen Kerlin Walsh | Oct 12, 2023 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Power of Attorney, Wills & Trusts

One important purpose of estate planning is to facilitate the transfer of ownership of your money and property to your family and loved ones when you pass away. For this transfer to be as stress-free and efficient as possible, it is crucial that estate planning...

Property Sisters: Is A Pour-Over Will For You?

by Eileen Kerlin Walsh | Oct 12, 2023 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, Living Trusts, News, Palos Park Property Sisters, Wills & Trusts

Wills and trusts are the two basic legal instruments that people use to pass accounts and property on to their loved ones at death. Although a revocable living trust is often used in place of a will, the two are not mutually exclusive. You can have both a will and a...

Questions You Should Ask Your Estate Planning Attorney

by Eileen Kerlin Walsh | Oct 12, 2023 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Power of Attorney, Wills & Trusts

Creating an estate plan is a personal and often emotional undertaking, making the selection of your estate planning attorney of the utmost importance. Here are some questions you should ask your estate planning attorney to determine if they are the right person for...

How Far in Advance Can I Begin My Estate Planning?

by Eileen Kerlin Walsh | Oct 12, 2023 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Power of Attorney, Wills & Trusts

You can create your estate plan at any time, but many people choose to begin the process sooner rather than later. Why? Because you never know when life-changing medical or financial emergencies can strike that will require someone else to manage your affairs during...