Thursday, February 12, 2015

Estate Planning & Probate Administration

The terms "estate planning" and "probate" or "probate administration" have to do with designating what will happen to your assets and belongings after you pass. As your experienced family attorney in Osage Beach, Deirdre O'Donnell is here to make sense of estate planning and probate administration at the Lake of the Ozarks.


Estate Planning at the Lake of the Ozarks

Estate planning is exactly what it sounds like - planning your estate. It is the process of organizing your property and financial assets to determine who they will go to after you pass. Wills and trusts are documents that provide this information. Planning your estate ahead of time is a fairly simple process, but it saves lots of time energy for your heirs after you are gone.

Your physical belongings are not the only things to be attended to after you pass. If you have children under the age of eighteen, you will also need to recommend a new legal guardian for them if something should happen to you.

No, you're not too young (or too poor) to have a will. Everyone should take the time to set up their estate. You may not have millions, but the assets that you do possess will have to go somewhere after you pass. What happens to your house? Your car? Your children? Your IRA?  These are all issues that may be addressed in your will.

Probate Administration at the Lake of the Ozarks

Probate administration is the second half of the equation. It refers to the court process of following the instructions you left in your will and distributing your assets to the heirs you specified. You can appoint a representative in your will, (called a personal representative or executor), to be in charge of carrying out these instructions, or if you don't, the probate court may designate someone.

Contact O'Donnell Law Center for all Your Estate Planning and Probate Administration Needs

Under accurate, professional guidance and supervision, estate planning and probate administration do not have to hard. O'Donnell Law Center is here to provide you with the guidance and assistance that you need. If you or someone you know is ready to talk about estate planning or probate, give us a call! (573) 552-0317

We are open and ready to assist you. Call the most trusted law firm at the Lake of the Ozarks to get started today.

O'Donnell Law Center
We Carry Your Burden ~ You Carry On With Life.

Disclaimer: No attorney-client relationship is created by the publication of this blog.

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Phone: (573) 552-0317

O'Donnell Law Center, LLC
1026 Palisades Blvd. Suite 3
Osage Beach, MO  65065
(Located on the McDonald's Side of the Building)

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