12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

What is a Last Will and Testament in Missoula, MT

What is a Last Will and Testament in Missoula, MT

A Last Will and Testament is the first building block of a good estate plan. Estate planning is the process by which an individual or family arranges the transfer of assets in anticipation of death.

Option 1: Will-Based Estate Plan

All essential details of your Last Will and Testament will be outlined in the will-based estate plan. It will provide information including the person to be put in charge of settling your final affairs (the executor), the persons who will inherit your property (beneficiaries), and the provisions on how they will inherit it. Your last will and testament with a will-based estate plan will cover the following:

1. Who will serve as the personal representative/executor

2. What powers your personal representative/executor will have

3. Who will inherit your property

4. How and when your property will ultimately be transferred to your beneficiaries

5. Who will serve as guardian of your minor children until they become adults


Option 2: Trust-Based Estate Plan

In the trust-based estate plan a document called a revocable Living Trust will cover all the important points listed above in the will-based estate plan with one exception: the person in charge of settling your final affairs after you die is called an administrative or successor trustee instead of an executor. If you have a revocable living trust you will still need a Last Will and Testament so. Ideally, you will fund or move your assets into your trust before you die. If you fail to fund even one asset into your trust, then the last will and testament will be the necessary document that will "catch" the unfunded property and transfer it to your trust after you die. The last will and testament in this case will function as a pour over will that will cause the unfunded assets to "pour over" into your trust through a probate process.


A pour over will needs to cover:

1. Who will be in charge of your assets that were not funded into your trust as the personal representative/executor

2. What powers your personal representative/executor will have

3. Who will serve as guardian of your minor children until they become adults

4. What will happen in the absence of a Last Will and Testament?


In order for your property to go to the beneficiary of your choice after you are gone, a Last Will and Testament is recommended.


The absence of a will could result in the state providing a last will and testament on your behalf under the state's intestacy law. The laws of the state that your property is located in will prevail. This can get complicated if you own property in multiple states.

 
Personalize & Print a Free MT Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Related Legal Services near Missoula, MT
Alterowitz Michael G
327 W Pine St
Missoula, MT 59802
(406) 542-9904
Attorneys,  Family Law Attorneys,  General Practice Attorneys,  Legal Service Plans
Carey Law Firm, P.C.
225 W Broadway St
Missoula, MT 59802
(877) 301-9828
Automobile Accident Attorneys,  Malpractice Law Attorneys,  Corporation & Partnership Law Attorneys,
Kalkstein & Johnson Pc
225 N Adams St
Missoula, MT 59802
(406) 721-9800
Attorneys,  Legal Service Plans,  Insurance Attorneys,  Civil Litigation & Trial Law Attorneys,  Pro
Fagan Christopher
1821 South Ave W # 300
Missoula, MT 59801
(406) 721-9700
Attorneys, Legal Service Plans
Erickson Robert
1821 South Ave W # 300
Missoula, MT 59801
(406) 721-9700
Attorneys, Tax Attorneys, Mediation Services, Legal Service Plans, Admiralty & Maritime Law Attorney
Johnson Chris A
1821 South Ave W # 102
Missoula, MT 59801
(406) 721-9700
Attorneys, Legal Service Plans
Mungas
1821 South Ave W
Missoula, MT 59801
(406) 721-9700
Attorneys, Legal Service Plans
Reely Shane N
3819 Stephens Ave # 201
Missoula, MT 59801
(406) 541-9700
Attorneys,  Tax Attorneys,  General Practice Attorneys,  Legal Service Plans
Rhoades Quentin M
1821 South Ave W # 300
Missoula, MT 59801
(406) 721-9700
Attorneys
Shoquist Liesel
1821 South Ave W
Missoula, MT 59801
(406) 721-9700
Attorneys, Legal Service Plans
Sullivan Zane K
1821 South Ave W # 300
Missoula, MT 59801
(406) 721-9700
Attorneys
Tabaracci John K
1821 South Ave W # 102
Missoula, MT 59801
(406) 721-9700
Attorneys
Wagner Nathan B
1821 South Ave W # 102
Missoula, MT 59801
(406) 721-9700
Attorneys, Legal Service Plans
Ronald A Thuesen Law P
PO Box 4984
Missoula, MT 59806
(406) 396-9668
Attorneys, Legal Service Plans
Hess-Homeier M Joan PHD
445 S 5th St W
Missoula, MT 59801
(406) 549-9611
Attorneys, Landlord & Tenant Attorneys, Real Estate Attorneys, General Practice Attorneys, Legal Ser
Hess-Homeier Ted
445 S 5th St W
Missoula, MT 59801
(406) 549-9611
Attorneys,  Landlord & Tenant Attorneys,  Real Estate Attorneys,  General Practice Attorneys,  Legal
Geer Suzanne
1615 S 3rd St W
Missoula, MT 59801
(406) 549-9524
Accident & Property Damage Attorneys,  Attorneys,  Family Law Attorneys,  General Practice Attorneys
Skjelset Doug G
1615 S 3rd St W
Missoula, MT 59801
(406) 549-9524
Attorneys,  Criminal Law Attorneys,  Social Security & Disability Law Attorneys,  Accident & Propert
Christian Dawn
316 W Spruce St
Missoula, MT 59802
(406) 541-9500
Attorneys,  Corporation & Partnership Law Attorneys,  Business Law Attorneys,  Real Estate Attorneys
Piedaule Daniel A Atty
127 N Higgins Ave Ste 201
Missoula, MT 59802
(406) 728-9366
Attorneys, Legal Service Plans
Piedaule Daniel A Atty
283 W Front St Ste 1
Missoula, MT 59802
(406) 728-9366
Attorneys, Legal Service Plans
Dalpiaz Leslae J
222 E Pine St
Missoula, MT 59802
(406) 549-9200
Attorneys,  Accident & Property Damage Attorneys,  Corporation & Partnership Law Attorneys,  Legal S
Bjornson Law Offices
2809 Great Northern Loop Ste 100
Missoula, MT 59808
(406) 552-9129
Attorneys
Clhalan Daniel P
2809 Great Northern Loop Ste 100
Missoula, MT 59808
(406) 552-9129
Attorneys, General Practice Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US