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How to Create a Living Trust in Montana Select an individual or joint trust. Take inventory on your property to determine what to store in your trust. Select a trustee to manage your trust. Create a trust document by hiring a lawyer or using a computer program. Sign the document in front of a notary public.
What type of trust is best for real estate?
Living Trusts vs. We recommend living trusts to our clients because of the tremendous benefits they offer over wills, the more traditional estate planning tool. The biggest benefit of using a living trust instead of a will is that living trusts avoid probate.
Can I put my property in a trust?
A trust is a legal arrangement where you give cash, property or investments to someone else so they can look after them for the benefit of a third person. For example, you might put some of your savings aside in a trust for your children.
What is a Montana trust?
A living trust in Montana is a legal document created by the trustor. The trustor sets up the trust and places his assets in the ownership of the trust. When you create a living trust, (also called an inter vivos trust) you must select a trustee.
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