(406) 586-8565 | blf@bryanlawpc.com
11 East Main St., Suites B & D, Bozeman, MT 59715
(406) 586-8565
blf@bryanlawpc.com

11 East Main St., Suites B & D,
Bozeman, MT 59715

Latest Blog Posts

2016 update for Federal and Montana estate taxes, gift taxes, and generation-skipping transfer taxes

The Internal Revenue Service has released the official inflation adjustments that will affect 2016 federal reporting for estate taxes, gift taxes, generation-skipping transfer taxes, and estate and trust income taxes. Remember, that although Montana does have an state estate tax, its computation is broken. Thus in reality Montana does not have a state estate tax.

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Here are five important things you need to know about the ABLE Act.

On December 19, 2014, President Obama signed the Achieving a Better Life Experience Act (ABLE Act) into law. The ABLE Act will allow certain individuals with disabilities to establish tax-free savings accounts that can be used to cover expenses not otherwise covered by government sponsored programs. After very disappointing Treasury Regulations, ABLE accounts do not serve as a viable alternative to Special Needs Trusts for most individuals.

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2016 Estate Planning Update — Trust Wills and Tax

The Internal Revenue Service has released the official inflation adjustments that will affect 2016 federal reporting for estate taxes, gift taxes, generation-skipping transfer taxes, and estate and trust income taxes. These changes will affect the way your accountant and your attorney help you plan as 2015 comes to an end.

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Lifetime QTIP Trust

Estate planning for couples in a second or later marriage who have disproportionate estates can be tricky. One solution for allowing the well-to-do spouse to maintain control of their assets but keep their other half happy is the Lifetime QTIP Trust.

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3 Common Myths and Misconceptions about Estate Plans

Like any other complex subject, estate planning has its share of myths and misconceptions. Understanding the top three estate planning myths will help you to create and maintain a plan that will work the way you expect it to work when it’s needed.
Estate Planning Myth #1 – You Don’t Need an
Estate Plan Because Your Spouse Will Inherit Everything

Estate Planning Myth #2 – You Don’t Need an Estate Plan Because Your Family Knows Your Final Wishes

Estate Planning Myth #3 – Once You’ve Created Your Estate Plan, It’s Done

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Three Estate Planning Mistakes Farmers and Ranchers Make

Farming or ranching is more than a means of livelihood – it is about preserving a legacy and unique way of life. Unfortunately, many farmers and ranchers fail to make an estate plan. The farm or ranch that has been passed down for generations then ends up being sold and converted into non-agricultural use, cutting the legacy short and ending the family’s unique lifestyle choice.

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Is a Revocable Living Trust right for you?

Revocable Living Trusts instead of Wills have become the basic building block of estate plans for people of all ages, personal backgrounds, and financial situations. But for some, a Revocable Living Trust may not be necessary to achieve their estate planning goals or may even be detrimental to achieving those goals.

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Bryan Law Firm, PC

11 East Main St., Suites B & D 
Bozeman, MT 59715
Telephone: (406) 586-8565
Email: blf@bryanlawpc.com