Montana Living Trust Forms
Download a Montana Living Trust which is a way to set aside funds for the benefit of your beneficiaries. A trust allows you to designate a time and manner of payouts from your trust. For instance, you can designate that a beneficiary not receive any funds until they have completed college or that the funds should only be spent on education or housing. A trustee is the person who manages the assets of the trust and makes sure that the provisions of the trust are followed.
Revocable vs. Irrevocable: A revocable trust can be revoked or modified during the life of the grantor, while an irrevocable trust is not meant ot be modified or terminated without incurring certain tax or other penalties.