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!
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...
Kerlin Walsh Law’s Estate Planning Advice for Military Families
First of all, we would like to thank our veterans for everything they sacrifice and do for our great country! With Veterans Day tomorrow, we wanted to take the opportunity to share some information about Estate Planning for Military Families. We are also offering...
Your Guide to Better Incapacity Protection in Your Estate Plan From Kerlin Walsh Law
There’s no one-size-fits-all estate plan, but an effective one will protect your privacy, free you from court interference, help you protect and manage your assets, save you money on taxes, and enable you to name the people you trust the most to act on your behalf....
Kerlin Walsh Law’s Principle Attorney, Eileen Kerlin Walsh, Practices Estate Planning That Expresses Who You Are
5 Things to Talk about with Your Family Before You Become Incapacitated or Die You intend to pass along your wealth through your estate plan, but what about your wisdom? Ensuring you accomplish both calls for a family meeting to have a conversation about...
Top 20 Chicagoland Estate Planning Attorney, Kerlin Walsh Law, Explains Why You Need A Trust
Although many people equate “estate planning” with having a will, there are many advantages to having a trust rather than a will as the centerpiece of your estate plan. While there are other estate planning tools (such as joint tenancy, transfer on death, beneficiary...
Chicagoland Estate Planning Attorney Kerlin Walsh Law Answers Whether or Not a Dynasty Trust Make Sense for Your Family
A dynasty trust is a lucrative Estate Planning tool that only applies to a small percentage of clients but when it's used it saves hundreds of thousands dollars and can really create the legacy we care about so much! Below, we provide you with some information about...