Fresh out of college! Fresh out of college, with a business degree and a hunger to succeed, I set out to find a job. As I told my current employer in one of my many interviews; “I wanted to find a place to work that challenged me, that required me to continue to learn, and…
DetailsWho Cares? A friend of mine from high school recently sent me an email that reminded me of what is really important in life. The email contained the philosophy of Charles Schulz, creator of the classic comic strip Peanuts. I was so struck by the power of this simple message that I wanted to share it…
Details
Taking up the challenge! We decided that all our team members should be able to blog if they want to. So I am taking up the challenge! I don’t know who “they” are, but “they” say if you like what you are doing, you never work a day in your life. I love working at…
Details
We lost our senior partner. Bill Scott, our senior partner, died earlier this month at his Swan Lake cabin with his family at his bedside. He was 91, and he lived a full life. He handled his dying as he did his living: with dignity and grace. To me, Bill was bigger than life -…
Details
FREQUENTLY ASKED QUESTIONS PROBATE ADMINISTRATION FREQUENTLY ASKED QUESTIONS 1. What is probate? Probate is the process of proving the Will, appointing the Personal Representative, paying the decedent’s debts, filing applicable tax returns, collecting any monies owed the decedent, and identifying, valuing, and transferring the decedent’s assets. 2. When is probate necessary? Probate is required if the decedent…
Details
Gifting to a Minor with Special Needs We previously have posted blog entries about special needs planning and about gifting. Gifting money to a child with special needs can be a powerful tool for a parent or grandparent to provide support for the special needs child. However, caution must be used when making such gifts…
Details
Digital Estate Planning Services I was asked recently to give a presentation to the trust officers at a local corporate trust office and one of the possible topics for me to address was estate planning for digital property. The request to devote part of my presentation to this topic both alarmed me, because I have…
Details
It’s the Holiday Season – time to think about gifts. At this time of year we are frequently discussing gifts with our clients. It’s a confusing topic. We need to consider gift tax, estate tax and income tax. We can just touch on a few basics here, but I thought it might be useful to…
Details
Montana’s New Uniform Power of Attorney Act Effective October 1, 2011, Montana has adopted the Uniform Power of Attorney Act. The new law applies to powers of attorney created before, on or after October 1, 2011, but an act done before this date is not affected by the Act. Highlights of the new law include:…
Details
Whither the estate tax? We’ve been hearing a lot lately about what to expect concerning the federal estate tax, so I thought I’d share a few thoughts. Of course, everything I say is strictly a guess! The federal estate tax law with its $5 million exclusion (or “exemption amount”) expires at the end of 2012,…
Details