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!
Self-Care: 5 Ways to Show Yourself a Little Love
It's always a good time to start taking a deep breath and spending some time taking care of yourself. Everyone needs to take steps to relax and minimize the effects of life's everyday stresses. Here are a few suggestions to get you started. Get a physical. Busy people...
American Heart Month: Who Should Be My Medical Agent?
February has been celebrated as American Heart Month since 1963 in an effort to urge Americans to join the fight against heart disease, which is the leading cause of death for both men and women. It is also a great opportunity to consider who is the best person to act...
Estate Planning Basics: Wills vs. Trusts — A Quick & Simple Reference Guide from Chicago Attorney Kerlin Walsh Law
In a recent video on the Kerlin Walsh Law Facebook Page, Principle Attorney Eileen Kerlin Walsh discussed the Estate Planning Basics and 6 essential documents that everyone should have! So if you're wondering what documents you need in your Estate Plan head over to...
When Should I Begin Estate Planning? A Top 20 Chicago Attorney, Kerlin Walsh Law, Answers This Question!
Hello my lovelies! Eileen Kerlin Walsh from Kerlin Walsh Law here to talk about when you should begin estate planning and when to update your estate plan. There are three big stages in life when I have seen clients begin to plan. You should get an estate plan in place...
How & Why to Protect Your Retirement Accounts NOW According to a TOP 20 Chicago Estate Planning Attorney, Kerlin Walsh Law
During your lifetime, your retirement account has good asset protection, but as soon as you pass that account to a loved one, that protection evaporates. This means one lawsuit and POOF! Your life long, hard earned savings could be gone. Your heirs could be left...
Steps For Starting the End-of-Life Conversation From a Top 20 Chicago Estate Planning Attorney, Kerlin Walsh Law
No one wants to discuss death and dying. And yet, it’s a critical time in everyone’s life and one for which we know we need to prepare. While many people have the desire to share their wishes, something is preventing people from openly communicating with their...
3 Things You Must Do Once Your Divorce Is Final in Regards to Future Planning & Your Estate Plan
The divorce process can be long and expensive. However, the work does not end once the divorce decree is signed. In order to ensure that your assets and estate planning wishes are carried out in light of this major life change, there are three things you must do as...
Kerlin Walsh Law Will Help You Avoid These Surprisingly Common Estate Planning Mistakes Baby Boomers are Making in Droves
Baby boomers - the first generation tasked with the responsibility of planning for and funding their golden years. This generation, which includes those born between 1946 and 1964, have entered and continue to enter into retirement. As they make this financial...
Are You a Small Business Owner? Know What Can Happen to Your Business If You Become Incapacitated or Pass Away
Preparing your company for your incapacity or death is vital to the survival of the enterprise. Otherwise, your business will be disrupted and harm your customers, employees, vendors, and ultimately, your family. For this reason, proactive financial planning --...
After Tax Reform, Is Estate Planning Still Necessary? Kerlin Walsh Law Principle Attorney Eileen Kerlin Walsh Has Your Answer!
The new tax legislation raises the federal estate tax exemption to $11.2 million for individuals and $22.4 million for couples. The increase means that an exceedingly small number of estates (only about 1,800, nationally) will have to worry about federal estate taxes...