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!
Worth, Illinois Based Estate Planning Attorney, Kerlin Walsh Law, Helps Client’s Prepare for Life if They Become Incapacitated
5 Essential Legal Documents You Need for Incapacity Planning Comprehensive estate planning is more than your legacy after death, avoiding probate and saving on taxes -- this area we are referring to is called Incapacity Planning. Good estate planning includes a...
Chicago Suburb Estate Planning Attorney, Kerlin Walsh Law, Wants to Make Sure Your Child(ren) are Protected in Case You Become Incapacitated or Die
Do It Now: Name a Guardian for Your Minor Child(ren) We know it’s hard. Thinking about someone else raising your children stops us all in our tracks. It feels crushing and too horrific to consider. But you must. If you don’t, a stranger will determine who...
Chicago Suburb Estate Planning Attorney, Kerlin Walsh Law, Offers Advice on How to Choose a Trustee for Your Trust
When you establish a trust, you name someone to be the trustee. A trustee does what you do right now with your financial affairs - collect income, pay bills and taxes, save and invest for the future, buy and sell assets, provide for your loved ones, keep accurate...
Kerlin Walsh Law Will Ensure You Avoid These 5 Tragic Mistakes When Leaving Assets to Your Pets
A pet trust is an excellent way to make sure your beloved pet will receive proper care after you pass on or become incapacitated. It’s critical to set up a pet trust correctly to ensure there are no loopholes or unforeseen situations that could make your plans...
Is a Financial Plan Enough? Why the Experienced Estate Planning Attorneys at Kerlin Walsh Law Say You Need an Estate Plan, Too!
If you want to leave a robust financial legacy for your family, a financial plan alone is only part of the big picture for your overall monetary health. A well-informed financial plan is worth your time for several reasons, but let’s look at how financial and...
Kerlin Walsh Law Advises You to Talk with Your Family about Your Estate Plan During this Holiday Season
Many of us labor a lifetime to build up our assets and fight for causes that matter to us. Few things are more fulfilling than the thought of sharing wealth and legacy with our family. Of course, it’s impossible to plan for every eventuality, but careful...
A Guide On How to Stress Test Your Estate Plan from the Experienced Estate Planning Attorneys At Kerlin Walsh Law
So you’ve established an Estate Plan. Good for you! However, you still have to ensure that the strategy you’ve selected will maximize your peace of mind and protect your legacy. Estate plans are living, breathing creations. Your life can and will change due to...
Wondering Whether You Need to Update Your Estate Plan? Yes, You Do and Here’s Why You Need to Call Kerlin Walsh Law
Hello. My name is Eileen Kerlin Walsh, and I am the Principle Attorney at Kerlin Walsh Law. I would like to share a little information with you about why you need to update your estate plan! It’s unrealistic to think that a piece of paper you draft, reflecting your...
Beyond Wills and Trusts: 3 Documents Everyone Needs According to Kerlin Walsh Law – an Estate Planning Law firm Located near Oak Lawn, Palos and Orland Park!
When it comes to estate planning, you probably think of Wills and Trusts. But there are three other estate planning documents you should think about to make your plan complete: A Living Will A Healthcare Directive, also called an Advance Directive,...
Insight from an Experienced Oak Lawn, Illinois Estate Planning Attorney: The Only Constant in Life is Change
When Circumstances Change, So Should Your Estate Plan Your estate plan was written to reflect your situation at a specific point in time. Our lives continually change, unfolding in ways we might not have anticipated. Just like you meet with your doctor,...