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!
Advice on How to Get Organized to Meet with Your Estate Planning Attorney from Palos Heights Very Own Kerlin Walsh Law
OK, great! You’ve finally decided it’s time to meet with an estate planning attorney and get your affairs in order. It’s time to make sure your family is protected. Now that you’ve scheduled the first appointment, what’s the next step? You can do one of two...
Chicagoland Estate Planning Attorney, Kerlin Walsh Law, Helps You Avoid Court Involvement in Your Estate
No one wants unnecessary court involvement in their life. But without careful and proactive estate planning, chances are that some aspect of your estate will end up being decided there. Here are two of the most common ways court proceedings can make...
Top Palos Heights Estate Planning Attorney, Kerlin Walsh Law, Wants You to Know Which Life Events Require an Immediate Estate Plan Update
Estate planning is the process of developing a strategy for the care and management of your estate if you become incapacitated or upon your death. One commonly known purpose of estate planning is to minimize taxes and costs, including taxes imposed on gifts,...
Oak Lawn Estate Planning Attorney, Kerlin Walsh Law, Wants to Help You Leave an Inheritance for Your Children
Estate planning offers many ways to leave your wealth to your children, but it’s just as important to know what not to do. Here are some things that are all-too-common, but textbook examples of what not to do or try.... Oral Wills If you feel you have a good...
Top 20 Chicagoland Estate Planning Attorney, Kerlin Walsh Law, Shares the Top 5 Reasons to Embrace the Emotional Side of Estate Planning!
When you hear the phrase “estate plan,” you might first think about paperwork. Or your mind might land on some of the uncomfortable topics that estate planning confronts head-on: end-of-life decisions, incapacity, and your family’s legacy from generation to...
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...