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Estate planning problems often seem overwhelming to families facing them, yet many issues have straightforward solutions when handled by experienced attorneys. What looks like an insurmountable obstacle to families usually represents a routine matter that professional guidance resolves efficiently. Our friends at Montana Elder Law, Inc discuss how professional help transforms complicated situations into manageable…

The continuity of a closely held business represents not merely an economic endeavor but a profound legacy forged through generations of dedication and ingenuity.  Proactive and thoughtful succession planning is indispensable; without it, the substantial value built over a lifetime can evaporate rapidly, jeopardizing both the enterprise and family harmony.  The following are some of…

Probate is a state-level legal process, which means the rules governing estate administration vary significantly depending on where the deceased person lived. What’s required in one state might be completely different just across the border. These variations affect everything from how long probate takes to whether you need court supervision at all. Our friends at…

An irrevocable life insurance trust, commonly called an ILIT, is a trust specifically designed to own life insurance policies on your life and keep the death benefit proceeds outside of your taxable estate. When you die, the trust receives the insurance payout tax-free and can use those funds to pay estate taxes, provide for beneficiaries,…

A revocable living trust is a legal document that holds ownership of your assets during your lifetime and distributes them after your death. You create the trust, transfer property into it, and maintain complete control while you’re alive. The “revocable” part means you can change or cancel it anytime. Our friends at Montana Elder Law,…

A testamentary trust is created through your will and only comes into existence after you die. Unlike a living trust that operates during your lifetime, this type of trust springs to life when your will goes through probate. The trust provisions are written directly into your will, instructing how certain assets should be managed and…