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!
An Estate Plan Should Not Be a Set-It-and-Forget-It Endeavor
As we all know, life happens. There is really nothing we can do about it. However, some of the most common life events can have a dramatic effect on your estate plan. If you think your estate plan is like a slow cooker and you can set it and forget it, you and your...
The Property Sisters: Will you soon be trying to find your way as empty nesters?
When The Kids Head Off To College – It’s A Good Time To Evaluate Your Home As your children graduate high school, college, or start their own lives, you have new things to think about as an empty nester. And when it comes to the home, there may be some emotional ties...
To Spring or Not to Spring?
Springing Financial Powers of Attorney Estate planning is about more than preparing for the inevitable. A good estate plan should also consider the unexpected. Your plan may have detailed instructions for what happens when you are no longer around, but what if...
Women’s History Month: RBG’s Impact on the Practice of Estate Planning
Equal Justice under the Law: Ruth Bader Ginsburg, the United States Supreme Court, and Lasting Impact on the Practice of Estate Planning Justice Ruth Bader Ginsburg, known by her initials RBG, left a long legal legacy in her wake. She was the first woman ever to have...
Eileen Kerlin Walsh named one of the “Top 20 Most Inspiring Women Leaders 2022”!
Eileen Kerlin Walsh, J.D. is honored to be named in Top 20 Most Inspiring Women Leaders 2022 by The Women Leaders magazine, whose mission is to empower and recognize women leaders. View article in publication or read the full article below: Eileen Kerlin Walsh, J.D.,...
How to ensure your well-meaning gift is a lucky blessing (instead of a curse)
Using a Standby Supplemental Needs Trust to Protect Your Loved Ones We all plan for “just-in-case” scenarios. When packing for our week-long vacation, we throw in a rain jacket even though the weather forecast is sunny—just in case. When planning for the future, it is...
The Property Sisters: New Year, New You Part II
Part II of II Live Well, Love Life, Get What You Really Want! There is no better time than a new year with chapters yet unwritten, to continue our lessons in inspiration towards our best selves. Eileen is sharing her Back Pocket Skills® – a set of tools to help you...
Is Your Client’s Well-Meaning Gift a Lucky Blessing (or a Curse)?
We all plan for “just-in-case” scenarios. When packing for our week-long vacation, we throw in a rain jacket even though the weather forecast is sunny—just in case. When helping clients plan for the future, it is also important to consider what will happen just in...
Changes to the FAFSA Form and What It Means for Grandparents
For grandparents who want to leave a legacy to their grandchildren, the gift of a 529 college savings plan is an option. Opening a 529 plan account can help a grandchild with educational expenses, and can also help grandparents with their estate planning goals. In the...
Advisors: Presidential Estate Planning Lessons You Can Use to Advise Your Clients
February marks a month in which we celebrate U.S. Presidents. Let’s examine a few of the important lessons your clients can learn from the estate planning of some of our country’s most famous political leaders. George Washington Washington was arguably...