Latest Blog Posts
Estate Administration – Probate and Trust Administration
If estate planning is the process of designing a playbook, estate administration occurs when the playbook is put into action. The process begins with an event that triggers a provision in your estate plan, such as incapacity or death. The plan becomes ‘executory’, meaning that the individuals you designated in your plan documents must step into action and execute according to your instructions. This estate administration is often in the form of a trust administration of a trust or probate of a will.
Bryan Law Firm, PC handles Trust Administration
The trustee is responsible for seeing that the assets of the trust are distributed properly and in a timely manner.
Reminder to file annual report
Reminder: all Montana corporations and Montana LLCs need to file their annual report with Montana Secretary of State. Also, Montana Corporations need to maintain their corporate formalities.
Importance of Proper Investment Planning and the Team Approach
Most investors are familiar with the magic of compounding interest but they often fail to realize that when the portfolio loses money, the math of compounding works against them. That’s because when a dollar is lost, it is not just a dollar but a compounded dollar that is lost, so the investor must regain more just to break even.
Long Term Care Insurance as Part of your Estate Plan
Health care has been the topic of discussion lately, but the greatest threat to your financial health is long-term care. This is the kind of care you need if you are not able to perform normal daily activities (such as eating, dressing, bathing and toileting) without help, and it is expected that you will need this help for an extended period of time, often for the rest of your life.
Family Estate Planning Meeting
You’ve made the hard decisions, your documents are signed, your trust is funded, a business succession plan is in place. Congratulations, you’ve finished your estate planning. But have you, really? Have you explained your planning to your family?
Justin M. Bryan and Mark A. Bryan are presenting at a NBI Trusts 101 Seminar
Justin M. Bryan and Mark A. Bryan attorneys with the Bryan Law Firm, PC located in Bozeman Montana Will be presenting at a NBI seminar titled Trusts 101.
Does a Trust actually cost more than a Will?
It will probably cost more initially to set up a well-drafted living trust than to have a will prepared. A true cost comparison should include not only the expense to establish the will or trust, but also what it will cost should you become incapacitated and after you die.
How to choose a Trustee
When you establish a trust, you name someone to be the trustee. Here at the Bryan Law Firm, we believe that trustee choice is important. A trustee basically does what you do right now with your financial affairs–collect income, pay bills and taxes, save and invest for the future, buy and sell assets, provide for your loved ones, keep accurate records and generally keep things organized and in good order.
Estate Planning for Unmarried Partners
Estate planning is creating a set of instructions that specify how property is handled after death, and how property and health care decisions are handled during a period of incapacity. Proper estate planning is important for everyone. But for unmarried partners–opposite sex or same sex–it is critical. This article will address some issues for unmarried partners to consider for after-death estate planning.
Bryan Law Firm, PC
11 East Main St., Suites B & DÂ
Bozeman, MT 59715
Telephone: (406) 586-8565
Email: blf@bryanlawpc.com