Serving Southern Jefferson County in the Great State of Montana
Serving Southern Jefferson County in the Great State of Montana
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With the holiday season comes the idea of giving gifts, and, according to Montana State University Extension, gifting an asset can be not only a great opportunity to express love and affection but also an occasion for the gift to become a living legacy. Children and grandchildren could have the opportunity to participate in the management of a family business or they could finance their education using assets gifted from family members. Grandparents and parents can experience satisfaction seeing how the recipients use the monetary gifts. Accord...
To prepare for an ever-changing financial future, Montana State University Extension educators suggest couples should designate a “contingency day” to review finances and re-examine their financial lives. “The same suggestion applies for a single individual,” added Kaleena Miller, Madison-Jefferson County Extension Agent. Marsha Goetting, MSU Extension Family Economics Specialist, suggests that the contingency day take place once a year – perhaps on an anniversary, birthday or another easy-to-remember date – to help plan for your financial f...
WHEN A PERSON DIES, WITH OR WITHOUT A WILL, Montana law provides a legal process determining the market value of real and personal property and their distribution to appropriate parties. One procedure, termed probate, takes place in the district court of the Montana county where the deceased person lived. The Montana Uniform Probate Code supplies a flexible and simplified approach to probate administration, according to Kaleena Miller, Madison-Jefferson County Extension Agent. During probate, a person’s will is verified before settling c...
Parents should make sure they have arrangements in place for the care of their minor-aged children when planning their estates, according to Montana State University Extension. To make sure parents’ wishes are followed, Marsha Goetting, MSU Extension family and economics specialist, and Kaleena Miller, MSU Extension Agriculture and Natural Resources agent in Madison-Jefferson County suggest parents create a will that names a guardian and a conservator in case both parents die. A guardianship provides for the care of the children until age 18 a...
