Download As Word Legal Montana Trust Forms For Free

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.

Trust agreement. The legal document that sets up a trust. It is sometimes called a Declaration of Trust; however, the title on the document may simply read "The Jones Family Trust," or something similar. It sets forth the names of the grantor, the trustee, and the beneficiaries.

For example, I may recommend a certain moving company to a friend because I've used them before, and I might say to my friend that I trust them. On his end, he may think that I trust them to move his goods without damaging them, but on my end that trust might be that I trust them not to steal anything.

The certification of trust is the document that you use to fund your revocable living trust. Funding is the process by which you put assets into your trust. As you go to your bank or financial institutions to let them know about your trust, they will need proof that you have a valid, legal trust.

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.

The certificate of trust is an unrecorded document executed by a trustee and presented to a party doing business with the trustee (such as a financial institution). The document is codified as part of the Wisconsin Trust Code at Wis.