Estate Planning

Estate Planning Montana

Estate Planning

We at St. Peter Law Offices, P.C. can assist you with safeguarding the people you love and the assets you own. Estate planning is an ongoing process over your lifetime. You should review your legal documents and estate planning goals periodically. Life changing events such as the following may cause changes to your estate planning:

  • If it has been more than three years since you reviewed your plan with an attorney
  • The death or incapacity of your spouse, personal representative, trustee or guardian
  • If you have recently married, divorced or retired
  • If a family member has recently had a serious illness or has special needs
  • The birth or adoption of a child/grandchild
  • If you recently acquired life insurance
  • If you move to another state or acquire property in another state

If we can help you with your estate planning needs, please call us.

 

Wills

Most people spend their lives earning, saving and accumulating property. However, they hesitate when it comes to making a plan for these assets when they pass on.

We develop so many important relationships in our lifetimes – family, friends, and organizations. We value each of them for different reasons.

Without a Will to guide them, the people you love can flounder on the division and distributions of assets, causing stress in their relationships that can sometimes be permanent.

A Will takes into consideration the people and projects you value. It gives you the opportunity to ease the lives of your family and friends by letting them know that you thought enough of them to make a plan for this transition.

Frequently Asked Questions:

 

Trusts


A trust is a legal document that enables a Trustee to control, invest, manage and distribute the assets of the Grantor for the benefit of the Beneficiary.

There are two types of Trusts: a Revocable Trust and an Irrevocable Trust, which you create and maintain during your lifetime.

Irrevocable Trusts

An Irrevocable Trust is created during your lifetime and cannot be changed. These trusts are generally used to accomplish a specific tax or estate planning goal.

Revocable Trusts

A Revocable Trust, also known as a Living Trust and sometimes inter vivos trust, can be established at any time during yoru life. You can change the terms of the trust during your lifetime.

Both types of Trusts can serve several purposes: 1) Save estate taxes; 2) Manage assets for minor children; and 3) Manage assets for disabled adult children or even your spouse.

Frequently Asked Questions:

 

Powers of Attorney


A Power of Attorney allows you to choose someone you trust to make decisions on your behalf when you are unable to do so yourself.

Who will make decisions for you when the unexpected happens? For example:

  • When you need to close a real estate deal, but you are out of the country on business
  • If you have an accident and are hospitalized and unable to make medical decisions for yourself
  • If you are unable to make decisions as a result of a long-term illness?

Powers of Attorney can be made for different purposes –financial and health care are common. However, there are Powers of Attorney that can be for specific reasons or purposes.

 

Frequently Asked Questions:

 

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