by Eileen Kerlin Walsh | Apr 7, 2024 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Palos Park Property Sisters, Wills & Trusts
Your mortgage, like the rest of your debt, does not simply disappear when you die. If you leave your home that has an outstanding loan to a beneficiary in your will or trust, your beneficiary will inherit not only the property but also the outstanding debt. They may...
by Eileen Kerlin Walsh | Feb 29, 2024 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Palos Park Property Sisters, Wills & Trusts
A trustee is a person or entity responsible for managing and administering your trust according to your instructions and in accordance with state law. They are considered a fiduciary, and as a fiduciary, a trustee must protect the trust’s investments and act in the...
by Eileen Kerlin Walsh | Dec 22, 2023 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Palos Park Property Sisters, Wills & Trusts
At a time of record home unaffordability, more people are teaming up with friends and relatives to realize the home ownership dream. According to the National Association of Realtors (NAR), more than 75 percent of homes on the market now are too expensive for...
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...
by Eileen Kerlin Walsh | Oct 12, 2023 | Blog, Common Questions, Estate Planning, News, Palos Park Property Sisters, Wills & Trusts
Physical security is a big part of feeling emotionally, psychologically, and spiritually secure. A home security system can fit nicely into estate planning goals, providing an extra layer of protection when we are gone—both temporarily and permanently. Incorporating a...
by Eileen Kerlin Walsh | Aug 28, 2023 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, Living Trusts, News, Palos Park Property Sisters, Probate, Real Estate, Wills & Trusts
When turning to renovation projects, there are often implications that need to be properly addressed. When Remodeling a Home in a Trust with a Home Equity Loan Homeowners with a proper estate plan often place their property in a revocable living trust (i.e., a living...
