Interview with Betsy Schaffer, Special Olympics Montana Athlete of the Year Special Olympics Montana Athlete of the Year As we have announced recently, we have partnered with Special Olympics Montana as our Charity Partner of the Year. Special Olympics is an organization that is important and impactful for so many people! Below is an interview…
Details
Our Charity Partner of the YearOur Charity Partner of the Year This year, Scott, Tokerud & McCarty will launch our Charity Partner of the Year program. The 2021 Charity Partner of the Year was chosen because they act with integrity and humility, and they show extraordinary dedication to transforming the community. The 2021 Charity Partner…
Details
Probate Administration – Frequently Asked Questions (This blog has been updated from the post dated August 8, 2012) 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…
Details
Giving to Charity Giving to Charity We are all blessed to live in a giving community. Over the years, I have had the privilege of serving on several non-profit boards in Great Falls, including Community Help Line, Children’s Museum of Montana, Montana School for the Deaf and Blind Foundation, Great Falls Public Schools Foundation, and…
Details
Estate Tax Exemption And Annual Gift Tax Exclusion For 2021 Official Estate and Gift Tax Limits for 2021 The Internal Revenue Service announced at the end of October the official estate and gift tax limits for 2021: The estate and gift tax exemption is $11.7 million per individual, up from $11.58 million in 2020. That means…
Details
Montana Transfer on Death Deed Transfer on Death (TOD) Deed Montana has replaced the Beneficiary Deed with the Transfer on Death (“TOD”) Deed. Both are intended to allow owners to transfer, effective upon death, their real property located in Montana to one of or more beneficiaries or grantees. The new TOD Deed is now the…
Details
Our 2020 Reminder to Relax and Enjoy Life (Whenever & However You Can) This year has been hard for so many of us. The pandemic has changed the way we live in dramatic ways, while adding both worry and loneliness to the stress of a major election year. As the year comes to a close,…
Details
How to Own Your Real Estate in Montana Real Estate Ownership Real estate encompasses not only one’s primary residence but also other real estate such as a vacation home or a rental property. The ideal form of ownership varies depending on the type of real estate you own. Below, we take a look at the…
Details
Estate Planning Terms to Know Estate Planning Estate planning—it is an incredibly important tool, not just for the wealthy or those thinking about retirement. On the contrary, estate planning is something every adult should do. Estate planning can help you accomplish any number of goals, including appointing guardians for minor children, choosing healthcare agents to…
Details
Estate Planning Strategies to Consider in an Election Year [Please note: This post is shared and intended to be for informational estate planning purposes only for those who may be affected by potential tax law changes. It is not intended to be an endorsement for one political party candidate or the other.] Push To Return…
Details