by Eileen Kerlin Walsh | Oct 1, 2024 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Wills & Trusts
The U.S. Department of the Treasury has released its General Explanations of the Administration’s Fiscal Year 2025 Revenue Proposals. Commonly referred to as the Greenbook, this document lays out tax proposals that would support President Biden’s policy priorities if...
by Eileen Kerlin Walsh | Aug 26, 2024 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Palos Park Property Sisters, Wills & Trusts
You have meticulously created your estate plan to ensure that it includes and addresses all of your most important assets (accounts and property). You have reviewed your asset list repeatedly, and everything seems to be accounted for. But what if you have forgotten...
by Eileen Kerlin Walsh | Aug 26, 2024 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Wills & Trusts
Fewer people are creating estate plans today than in years past. Research shows that, in 2024, less than one-third of Americans report having a will.[1] Every adult—whether they are 19 or 99—should have a will at a minimum. Many people can also benefit from estate...
by Eileen Kerlin Walsh | Aug 26, 2024 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Pet Trusts, Wills & Trusts
Estate planning is about protecting what is important to you. Although much of the traditional estate planning conversation focuses on surviving spouses, children, grandchildren, and charities, many pet parents wonder what could happen to their “furry children” after...
by Eileen Kerlin Walsh | Aug 26, 2024 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Power of Attorney, Wills & Trusts
The relationship between spouses is special in all contexts, not the least of which is the estate planning context. In many instances, you can exclude people from your estate plan, including your parents, siblings, and adult children. But there are special protections...
by Eileen Kerlin Walsh | Aug 26, 2024 | Blog, Common Questions, Estate Planning, Kerlin Walsh Law, News, Wills & Trusts
You have two primary options for leaving an inheritance to a child. The most straightforward is to give it to them in a single lump sum, with no strings attached. But this might not be the best option for some children. You may be concerned about the child’s ability...
