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A trust can distribute assets immediately after your death if you wish, whereas assets passed by a will must wait for probate to conclude. Probate often takes many months and incurs the fees of an executor and attorney as well as court costs.

The cost of setting up a trust in Montana varies depending on the complexity of the trust and the attorney's fees. A basic Revocable Living Trust generally ranges from $1,000 to $3,000. More complex trusts can cost several thousand dollars more.

In Montana, you can make a living trust to avoid probate for virtually any asset you own?real estate, bank accounts, vehicles, and so on. You need to create a trust document (it's similar to a will), naming someone to take over as trustee after your death (called a successor trustee).

Living trusts in Montana The trustee is the person who manages the assets ing to the terms of the trust, which directs that they be used for your benefit during your lifetime. Anyone can be your trustee, but most people choose to be their own trustee, staying in control of the assets.

That really depends on which benefits are most important to you. But, generally, the consensus among advisers and estate attorneys is that the trust laws of South Dakota and Nevada offer the best combination of tax benefits, asset protection, trust longevity and flexible decanting provisions. Why Do I Need a Trust?

To make a living trust in Montana, you: Choose whether to make an individual or shared trust. Decide what property to include in the trust. Choose a successor trustee. Decide who will be the trust's beneficiaries?that is, who will get the trust property. Create the trust document.