O'Donnell Law Center : Lake of the Ozarks

End of life decisions can be hard to make, but they are critical. If you do not properly organize your affairs before passing, state statutes may direct the division of your property. Fortunately, planning your estate becomes a lot easier when you have an estate planning attorney at the Lake of the Ozarks to guide you through the process. Here are a few things you will want to consider when you build your estate plan. Determine How To Pay For Your Burial Do you have a plan for how your funeral and burial will be paid for? After you pass away, your personal representative will likely be expected to satisfy this cost from the assets of your estate. If there is not enough cash in your estate to satisfy this debt, property and other assets may have to be sold. Decide When To Distribute Assets To Your Heirs When do you wish for your assets to be distributed to your heirs? If your children are under the age of eighteen, you may want to establish a trust that will allow you to des...

End of life is something no one wants to think about, but it will inevitably happen to all of us. Being prepared by setting up an estate plan at the Lake of the Ozarks can make things much easier on our relatives after we pass and can ensure that our wishes are met after we are no longer in the physical realm. Many people ask our estate planning attorney in Osage Beach MO when they should set up their estate plan. However, there is not a single right time to do it; every person's situation is different. This week, we want to explore some of the different situations in which you might want to consider setting up your estate plan or, if you already have a plan in place, updating your existing plan to meet your current needs. Events In Your Life That Might Trigger The Need To Have An Estate Plan Include... Buying Your First Car Or Home When you own property, it's important to dictate what should happen to it   when you pass away. Do you want a relative or ...