O'Loughlin Law Firm LLC's Profile

Introducing Our Redesigned Blog

We've redesigned and relocated our blog! Enjoy the same great content and weekly updates via email. We'll keep our archive right here, but for fresh news, visit us at https://motrustlaw.com/blog/. Continue reading

Posted Sep 17, 2020 at O'Loughlin Law Firm LLC

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Different Trusts for Different Estate Planning Purposes

“Trusts are legal entities that own assets, and all trusts are not alike. They are created by a written trust document with certain provisions that can vary from trust to trust.” Continue reading

Posted Sep 11, 2020 at O'Loughlin Law Firm LLC

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What Is a Qualified Personal Residence Trust (QPRT)?

“When creating an estate plan, one important question to consider is how to handle the transfer of personal property, including your home. A Qualified Personal Residence Trust, or QPRT, is something you may decide to create to minimize gift and estate taxes associated for your heirs.” Continue reading

Posted Sep 9, 2020 at O'Loughlin Law Firm LLC

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How to Be Smart about a Financial Windfall

“Windfalls can result from fortunate events, like lottery winning, and unfortunate events, like a legal settlement. Whatever the triggering event, a big injection of cash can certainly be a life-changing event in someone’s life.” Continue reading

Posted Sep 7, 2020 at O'Loughlin Law Firm LLC

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What Happens to Debt when You Die?

“Creditors typically try to collect on unpaid debt, by going after the decedent’s estate during a process called probate.” Continue reading

Posted Sep 4, 2020 at O'Loughlin Law Firm LLC

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Two Words Could Undo Your Entire Estate Plan

“’Per stirpes’ vs. ‘per capita.’ Making the wrong choice could cause an estate planning disaster.” Continue reading

Posted Sep 3, 2020 at O'Loughlin Law Firm LLC

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Balancing Retirement Planning with Special Needs Planning

“Having a child with special needs can come with all sorts of unique challenges from a financial and estate planning standpoint. Public benefits, for example, can play a huge role in anticipating how much money your child will need down the road in your later years, as well as when you've passed away.” Continue reading

Posted Aug 21, 2020 at O'Loughlin Law Firm LLC

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What are Fiduciary Duties in Estate Planning?

“As you plan how you will leave your estate, it is important to your family’s future that you leave a legacy with well-executed documents. It’s also essential that you understand all of the roles of the people involved in your estate, especially the person or organization who will manage your estate.” Continue reading

Posted Aug 19, 2020 at O'Loughlin Law Firm LLC

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Can I Disinherit Anyone I Want?

“So, you’ve decided that a family member won’t be getting an inheritance, after all. Maybe you have an ungrateful or irresponsible family member you want to cut out of the will.” Continue reading

Posted Aug 17, 2020 at O'Loughlin Law Firm LLC

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What Happens If Power of Attorney Documents are Rejected?

“The possibility that a power of attorney might be rejected may be one reason not to simply pull a form off the internet and hope it will be accepted.” Continue reading

Posted Aug 14, 2020 at O'Loughlin Law Firm LLC

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When Social Security Makes the Most Sense

“When should you sign up for Social Security? It is a good question. Many seniors grapple with that decision, and understandably so, since the age at which you claim benefits will dictate how much money you will receive each month during retirement.” Continue reading

Posted Aug 13, 2020 at O'Loughlin Law Firm LLC

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‘Siegfried & Roy’ Star Roy Horn Named Siegfried His Executor

“The late 'Siegfried & Roy' star, Roy Horn, named lifelong friend and performance partner, Siegfried Fischbacher as the executor of his multi-million-dollar estate, according to his will filed in Las Vegas courts.” Continue reading

Posted Aug 12, 2020 at O'Loughlin Law Firm LLC

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Possible Pitfalls for Special Needs Planning for Parents

“Both the state and federal government, administered through the Social Security Administration (SSA) and Medicaid provide disabled individuals with a variety of life enhancing, and sometimes life sustaining, public benefits.” Continue reading

Posted Aug 10, 2020 at O'Loughlin Law Firm LLC

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Appeals Court Rules in Will Dispute between Ex-Wife and Brother

“Recently, the Indiana Court of Appeals decided the case of Trowbridge v. Estate of Trowbridge. The case involved a man, Everett, who, despite their divorce, remained on good terms with his ex-wife, Christal.” Continue reading

Posted Aug 7, 2020 at O'Loughlin Law Firm LLC

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Coronavirus Makes Estate and Tax Planning an Urgent Task

“What may have seemed like something to take care of ‘one day,’ has turned into a basic necessity that makes it essential and necessary for you to encourage your clients to act now.” Continue reading

Posted Aug 6, 2020 at O'Loughlin Law Firm LLC

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Your Estate Plan Needs to Be Customized

“Estate planning documents often are treated like the photocopied permission slip for a child’s field trip. You fill in your name, include the children’s names and dates of birth and sign. The document is filed away to be used if needed, but you really never expect it to be used.” Continue reading

Posted Aug 5, 2020 at O'Loughlin Law Firm LLC

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There Is a Difference between Probate and Trust Administration

“Probate and trust administration are not the same. There are important differences and similarities between administering a decedent’s probate estate and administering a decedent’s trust estate.” Continue reading

Posted Aug 3, 2020 at O'Loughlin Law Firm LLC

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Social Security and Medicare and the Impact on Retiree Taxes

“Medicare has a series of income limits that trigger increasingly higher payments for retirees. And it’s not just the rich who are affected.” Continue reading

Posted Jul 31, 2020 at O'Loughlin Law Firm LLC

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Baseball Champion Sues Daughter-In-Law, denies having Dementia

“Orlando Cepeda wants to know where his money went. He also wants to learn what happened to all of his baseball memorabilia, including his 1967 National League Most Valuable Player Award, and wants to be made whole.” Continue reading

Posted Jul 30, 2020 at O'Loughlin Law Firm LLC

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Preparing Children for Inheritances in the Future

“By discussing finances with your children early and often, you can set them—and future generations—up for success, when it's time to receive the wealth you've accrued.” Continue reading

Posted Jul 29, 2020 at O'Loughlin Law Firm LLC

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Estate Planning Is a Gift and a Legacy for Loved Ones

“Talking about death makes most of us uncomfortable, so we don't plan for it. That's a big mistake, because if you don't have an end-of-life plan, your state's laws decide who gets everything you own.” Continue reading

Posted Jul 28, 2020 at O'Loughlin Law Firm LLC

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How Can You Disinherit Someone and Be Sure it Sticks?

“Parents may delay creating an elder law estate plan, because of the in-law issue. Some parents are unfortunately estranged from an adult child, only because of the problematic son-in-law or daughter-in-law.” Continue reading

Posted Jul 24, 2020 at O'Loughlin Law Firm LLC

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Why You Need an Estate Plan, Especially Now

“It's never too early to start working on how your things will be handled, once you pass away.” Continue reading

Posted Jul 22, 2020 at O'Loughlin Law Firm LLC

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How Does a Constructive Trust Work?

“Certain types of trusts, however, may only be used in very specific situations and a constructive trust is one of them.” Continue reading

Posted Jul 20, 2020 at O'Loughlin Law Firm LLC

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Using Retirement Funds in a Financial Crisis

“U.S. has been making it easier for people to access long-term savings for emergencies, trading future financial security to stay afloat.” Continue reading

Posted Jul 18, 2020 at O'Loughlin Law Firm LLC

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