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Showing posts with the label Estate Planning and Second Marriages

Estate Planning FAQ’s

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Making end-of-life decisions is not everyone’s favorite topic, but it can help relieve the burden of tough decisions for your loved ones, after you pass. Ensure your wishes are carried out with a legally sound estate plan at the Lake of the Ozarks . Our estate planning attorney in Camden County, MO gets a lot of questions surrounding this sensitive topic and we’re here to help answer some of the most commonly asked questions. What is my estate? The term “estate” is sometimes thought of as being your home – where you live, but that’s not entirely the case in the legal world of estate planning, where it is defined as being all property someone owns at the time of death. Whether it’s investments, real estate or personal property, there are many more items included in a probate estate than a home. Should I hire an attorney to draft me estate planning documents? There are resources available to draft an estate plan but unfortunately, many of these documents don’t contain the ne...

Second Marriages & Estate Planning - A Brief Overview

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Choosing to remarry is a big decision, and one to celebrate enthusiastically. A second marriage is a chance to start fresh, to put the troubles of the past behind you and celebrate a new chapter of your life with someone you love. In the midst of all the excitement, however, there are several details that need attention. Your estate plan provides a perfect example. A second marriage can significantly impact your estate plan, and it's important to make sure the transition is executed effectively. Our estate planning attorney at the Lake of the Ozarks is here to help you navigate the process. Below are a few of the steps you should take to update your estate plan after you remarry. (Note: these steps are not necessarily listed in order of importance.) Discuss Your Financial Situation Honesty is a crucial component of any successful marriage. As you enter into your new marital partnership, it's important to have an open conversation about your financial situation with y...