Montana Living Trust for Husband and Wife with Minor and or Adult Children

Montana Living Trust for Husband and Wife with Minor and or Adult Children
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MT-E0178
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Description

This form is a living trust form prepared for your state. A living trust is a trust established during a person's lifetime in which a person's assets and property are placed within the trust, usually for the purpose of estate planning. The trust then owns and manages the property held by the trust through a trustee for the benefit of named beneficiary, usually the creator of the trust (settlor). The settlor, trustee and beneficiary may all be the same person. In this way, a person may set up a trust with his or her own assets and maintain complete control and management of the assets by acting as his or her own trustee. Upon the death of the person who created the trust, the property of the trust does not go through probate proceedings, but rather passes according to provisions of the trust as set up by the creator of the trust.

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FAQ

What should you not put in a living trust?

What assets should be included in a living trust?

Does marriage override a trust?

Does a family trust override a will?

Can I put all my assets in a trust?

How does marriage affect a trust?

What assets should not be included in a living trust?

What type of trust Cannot hide assets?

Should bank accounts be included in a living trust?

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