Blog Articles

Info About Wills, Trusts, and More…

Hello and welcome! I am Eileen Kerlin Walsh, and I will bring you valuable and topical information on Estate Planning. Estate Planning is the legal process of protecting your assets and your loved ones in the event of disability or death.

Why do you need an estate plan? If you don’t have a valid Will or Trust, Illinois law determines how your assets pass, to whom and when. Having no estate plan can lead to unnecessary taxes, creditors, probate court and other undesirable results. This is the most costly way to pass assets to your loved ones. You can do much better and my column will show you how!

Plan Smart, Live More: Test Your Estate Planning IQ!

KEY TAKEAWAYS How well do you know your estate planning documents? Do you know what happens to your assets if you die without a will? Not all assets follow the same rules when it comes to inheritance. Do you know what sets a will and a trust apart? The right...

Digital Vaults: The Estate Planning Tool Your Family May Be Missing

KEY TAKEAWAYS A digital vault may be the missing piece in your family's preparedness plan. Important information isn't always easy to find when it matters most. Who can access your information may be just as important as where it's stored. Not all digital storage...

Where Does It All Go? Legacy Planning Without Direct Descendants

KEY TAKEAWAYS Without children, deciding where your assets go takes on added importance. State inheritance laws may not reflect the legacy you envision. Your legacy can extend beyond family to the people and causes that matter most. Outdated beneficiary designations...

Wills vs. Trusts: In Plain English

KEY TAKEAWAYS Wills and trusts serve different purposes in protecting your legacy. The differences between wills and trusts go beyond what happens after death. Probate is an important consideration when choosing your estate plan. The initial cost of an estate plan may...

Quiz: How Well Do You Know Your Own Estate Plan?

KEY TAKEAWAYS Having an estate plan and knowing what it says are two different things. Life changes can make once-appropriate estate planning decisions outdated. Some of the most important details in your plan are easy to overlook. Even a well-prepared estate plan can...