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Showing posts with the label Establish a Trust

5 Reasons to Update Your Trust

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A trust is an important document that helps make sure your requests are carried out, after you pass. If you have certain wishes as to who should receive each of your assets, establishing a trust at the Lake of the Ozarks might be right for you. Our Lake of the Ozarks law center can help you get your end of life wishes in order. If you already have a trust in place, you may need to make updates or amendments to it. With any life change, it’s important that you view your trust for necessary changes as well. Take a look below for examples of changes in your life that may result in needed updates to your trust. 5 Reasons to Update Your Trust: Change in Marital Status A change in marital status certainly calls for an update to your trust. Whether you are getting married, getting divorced or getting remarried, it’s a good idea to make sure your beneficiaries are up-to-date. If something were to happen to you today, who is designated to receive your assets? If you aren't sure ...

Establish Your Trust this Holiday Season

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With the holiday season upon us, many will be gathering around the table with friends and family. As you do, it’s a great time to think about and discuss the future, and specifically about what will happen with your assets after you pass. It’s best to make a plan before the plan is needed. Our Lake of the Ozarks attorney specializes in helping others plan for their future. There’s a comfort in knowing your estate is taken care of and your assets will go to the beneficiaries of your choosing.  Keep reading to learn how O’Donnell Law Center can help you establish your estate plan. It’s hard to think about end of life and the distribution of all of your assets, but your family will be thankful for the time you spend planning in advance. We serve people living at the Lake of the Ozarks who wish to establish a Trust to keep their assets out of probate.  For many, the probate process turns into a lengthy court proceeding for the loved-ones left behind. It is always a good t...

Establish a Trust for your Favorite Organization or Non-Profit

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What will happen to your money after you pass? It’s important to line out your wishes ahead of time to help alleviate stress for your family. Whether you want to leave some assets to your family and make a charitable contribution to an organization with the remainder or donate all of your assets to a beloved non-profit, we can help establish your trust at the Lake of the Ozarks . Here at O’Donnell Law Center , we specialize in walking you through the process to set up a trust, as well as counsel you through it. Is there an organization that is near and dear to your heart? If you’d like to make a contribution to a non-profit or other organization after you pass, we can include that in your trust. Having this type of clear instruction can help reduce the amount of time required for the organization of your choice to receive your contribution and eliminate confusion and uncertainty for family members. People rarely want to think about end of life.  But in order to make it a litt...