O'Donnell Law Center : Lake of the Ozarks

Each new year, we make New Year’s resolutions. Maybe your resolution is to get healthy this year, lose those extra few pounds, start saving for that vacation you want to take, or maybe your resolution is to start planning for your future. One way that you can start planning for your future is by setting up your estate plan. Estate planning for some can be overwhelming, but at O’Donnell Law Center we try to make it as easy as possible for you. A life-changing crisis can happen at any time, so it’s important to have your affairs in order. What Is Estate Planning? Estate planning is the process of creating a plan which details how your assets will be managed and distributed once you have passed. No matter how big or how small your estate is, everyone should have an estate plan. According to Forbes, 51% of Americans ages 55-64 do not have wills. Estate Planning Made Easy At our Lake of the Ozarks law firm, we dedicate a significant portion of our practice to estate ...

Though we know that we won't live forever, few of us want to think about the fact that we will one day pass away.  However, it is  important to think about what we want life to look like for our surviving family members once we are no longer around. Because this may be an unpleasant thought process, it can be difficult to open ourselves up to these types of conversations.  If you or a loved one is having trouble discussing end-of-life preparations, our estate planning firm in Osage Beach MO may be able to help. We frequently facilitate these types of conversations for our clients. Keep reading to learn more about how we can help you start the conversation. End-Of-Life Decisions There are a number of end-of-life decisions that should be addressed, and we have listed a few examples below: Who do you want to inherit your property? At what age do you wish your children to receive access to their inheritance? Who do you want to make end-of-life decisions on your...

Life is a long, winding journey. There are several stops you must make along the way and several tasks that will require attention at some point. Some things cannot be addressed only once - they must be readdressed periodically to ensure that they are still relevant and up-to-date. Estate planning is one such task. An effective estate plan is designed to meet your specific needs by reflecting your current position in life. Since your position will likely change at least once (and potentially several times) as you age, it is important to consider updating your estate plan to reflect your current position and needs. O'Donnell Law Center is here to help you keep your estate plan up-to-date by discussing a few situations when it may be wise to update your estate plan. Getting Married Or Divorced Marriage and/or divorce are major milestones in one's life. Whether you are creating a marital union or dissolving one, your life will be drastically different once the process is...

Because it requires you to think critically about end-of-life decisions, estate planning often seems like a daunting prospect. None of us want to think about our eventual deaths. Unfortunately, none of us will live forever - it is important that we organize our affairs and build estate plans to ensure that our wishes will be met once we are no longer present. At our Lake of the Ozarks law firm , we dedicate a significant portion of our practice to estate planning. In order to easily guide our clients through their end-of-life decisions, we have condensed the process into three simple but comprehensive steps. Here is a quick overview of how we handle estate planning at the Lake of the Ozarks . Step 1:  Initial Meeting The first step is to meet with you to discuss your end-of-life wishes. We will ask various questions and guide you through certain topics to help you decide how and to whom you would like your assets to be distributed upon your passing. Some of the topics yo...