Montana Attorneys

Montana Attorneys

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Lack of written wills
Outrageously, less than 20% of the American population has a written will designating who shall inherit their assets after death. If a person dies without a will, he or she is said to die "intestate." The state law of the residence then determines who automatically receives the assets, usually a surviving spouse, children, or other close connections. Another reason to avoid probate court actions are state law determines the attorney and administrator fees, ranging from 6 to 22 percent of estate assets. However, life insurance policies, tax-deferred annuities, IRA and 401k should remain outside your living trust because they pass automatically to the designated beneficiary. The two key living trust benefits are avoidance...

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