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!
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,...
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...