by Eileen Kerlin Walsh | Jun 29, 2024 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Palos Park Property Sisters, Wills & Trusts
Today more young adults are living at home with their parents than at any time since the 1940s. While there are many different opinions about this trend and the cause of its recent prevalence, the primary motivation for young adults staying at home with their parents...
by Eileen Kerlin Walsh | Apr 7, 2024 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Palos Park Property Sisters, Wills & Trusts
Conversations about death and dying are difficult. Most people avoid them because they invoke feelings about our inevitable demise. Broaching this subject can be particularly difficult for parents and their adult children. Adult children may avoid bringing up the...
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...
