Wondering what the alternative to an expensive probate
dissolution might be?
Revocable Living Trust is the answer in most cases.
Trust
A trust is a legal structure, similar to a will. The will used to be the primary estate
planning document, but with the advent of various forms of nonprobate transfers, it has
declined in importance. Through the use of joint tenancy and beneficiary designations,
it may be possible to completely bypass probate. In such a case, the will may have no
purpose.
The revocable trust has been part of this evolution toward non-probate transfers,
particularly in states with difficult probate systems. Where the will once was the central
point through which testamentary transfers had to pass, now testamentary transfers
may be directed by a variety of non-probate means. Trying to coordinate all these
different forms of testamentary transfers should be an increasingly important function of
revocable trusts.
If you find yourself the Successor Trustee of a Living Trust, the All Montana Team is well
versed in the differences between a trust sale and a traditional residential transaction.
The disclosures, documents and processes vary depending on how complex the trust
presents. We understand where we need to involve your attorney and where we can
step in and save you time and money through the disposition of the decedents property.



