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!
Equal Justice Under The Law Connection Between The Following:
Ruth Bader Ginsburg, the United States Supreme Court, and the Lasting Impact on the Practice of Estate Planning Justice Ruth Bader Ginsburg, known by her initials RBG, passed away recently leaving a long legal legacy in her wake. She was the first woman to lie in...
Advisors – Preparing Clients for Possible Post-Election Tax Law Changes
Wealth Transfer Strategies to Consider in an Election Year The 2020 election is almost upon us. The recent past has taught us that trying to predict the results of an election can be futile at best. Still, our clients need timely counsel regarding their wealth...
Important Considerations Before Heading Off For The Winter
As winter approaches, many people travel south to escape the cold. Before you lock your front door and embark on your annual retreat, below are some points to consider. What is happening in your destination state? Because we are still in the midst of a pandemic, it...
A Checklist: What To Do Before Heading South For The Winter
As you prepare for your upcoming travel, make sure to ready yourself and your home, take important security measures, and your estate plan before you depart. Personal Preparation Pack clothing and other personal belongings appropriate for the weather in your...
Advisors – Assisting Clients With Their Winter Travel
As winter approaches, many clients migrate south to escape the cold. If you are meeting with a client before the client departs or after the client has arrived in the destination state, below are some important considerations for discussion. Which state does the...
Snowbirds: What You Need To Know About Renting Out Your Property
Retreating to a warmer climate for the winter sounds like an ideal way to spend a few months. To help make this dream a reality, some individuals choose to rent out their second homes when they are not in use. But before you consider listing your second home for rent,...
Retirement Account Basics for 2020
The COVID-19 pandemic has led to volatile markets, and your retirement account may have a much smaller balance than only a few short months ago. In response to the economic fallout stemming from the pandemic, Congress passed the Coronavirus Aid, Relief, and Economic...
Estate Planning as a Powerful Exercise in Optimism
Many scientific studies have established that there is a wide range of benefits flowing from a positive attitude and positive thinking. At a time when many are focused on worst-case scenarios and gloomy predictions, you can resist the pull of negativity and embrace...
Advisors – It’s Time to Review Retirement Accounts
The COVID-19 pandemic has led to volatile markets, resulting in retirement accounts with much smaller balances than only a few short months ago. In response to the economic fallout stemming from the pandemic, Congress passed the Coronavirus Aid, Relief, and Economic...
Estate Planning and Kids Going to College
You will soon be getting your new college student off to school – whether they will be studying from home or on campus is yet to be known. It's exhilarating, and your heart likely is bursting at the seams. You're probably prouder than words can express, but you’re...