by Eileen Kerlin Walsh | Apr 25, 2025 | Blog, Common Questions, Education, Estate Planning, Kerlin Walsh Law, News, Wills & Trusts
Do You Know What You Own? Americans’ median household net worth (meaning half the households have more and half the households have less) is around $193,000, while the average net worth is just over $1 million, according to the Federal Reserve, the central bank of the...
by Eileen Kerlin Walsh | Apr 25, 2025 | Blog, Common Questions, Education, Estate Planning, Healthcare Decisions, Kerlin Walsh Law, News, Palos Park Property Sisters, Real Estate, Wills & Trusts
Rising housing costs, the desire for companionship, and the need to share resources are increasingly leading buyers to consider co-owning a home with someone other than a spouse, such as a friend, relative, or significant other. Although this arrangement can be...
by Eileen Kerlin Walsh | Apr 25, 2025 | Blog, Common Questions, Education, Estate Planning, Kerlin Walsh Law, Living Trusts, News, Wills & Trusts
Many people believe that once they set up a revocable living trust and change the ownership of their accounts and property from themselves as individuals to their trust, those accounts and property are protected from lawsuits. This is not true. While trusts...
by Eileen Kerlin Walsh | Apr 25, 2025 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Wills & Trusts
Myth 1: Asset protection planning is only for the wealthy or those with high-risk jobs, such as doctors or lawyers. Fact: Asset protection planning is for everyone. If you engage in any activity that could give rise to a lawsuit (drive a car, employ someone, allow...
by Eileen Kerlin Walsh | Apr 25, 2025 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Wills & Trusts
Many people believe that asset protection planning is only for wealthy people or professionals susceptible to malpractice claims, such as doctors or lawyers. That is not the case. In today’s litigious society, anyone can be sued. The United States justice system is...
