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!
Insight from a Worth, Illinois Estate Planning Attorney: Wills, Trusts & Dying Intestate: How They Differ
Most people understand that having an Estate Plan is a “good thing.” However, many of us don’t take the steps to get that Estate Plan in place because we don’t understand the nuances between Wills and Trusts or dying without either. Here’s what will happen if...
A Question for Chicago’s South Suburbs: Which Type of Trust Is Best for You?
Revocable Trust v. Irrevocable Trust Trusts allow you to avoid probate, minimize taxes, provide organization, maintain control and provide for yourself and your heirs. In its most simple terms, a Trust is a book of instructions wherein you explain what to do...
10 Types of Trusts: A Quick Look
When it comes to choosing a Trust, there is more than one option and the type you choose depends on your current life situation. This can make the process of creating an Estate Plan seem daunting. Eileen and the associates at Kerlin Walsh Law guide you...
The Great Debate Between Wills and Trusts – Why a Trust is Better!
Wills vs. Trusts: Plain English Everyone has heard of Wills and Trusts. Most articles on these topics; however, presume everyone knows the basics of these important documents. In reality, many of us don’t – and with good reason – they’re rooted in complicated,...
Estate Planning: Three Reasons People Run the Other Way
Kerlin Walsh Law understands that Estate Planning can be an emotional topic for people to discuss. However, we also know that each of our current and prospective clients want to make sure their loved ones are protected and receive the hard-earned assets intended for...
Advance Directives
Our topic this month is ‘Advance Directives’. These are documents you sign now to keep your health care in the hands of those you trust, if the time comes you are unable to speak for yourself. Ironically, my clients in their advanced years need more help with their...
Answers To Common Questions On Wills & Trusts
Answers To Common Questions On Wills & Trusts March, 2016. Hello dear readers. Today we will review common questions on Wills and Trusts. As I speak to viewers of my TV show, audiences at my seminars, and clients in my office, the same questions pop up over and...
Estate Planning Overview
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...