Mark Mackin, Attorney at Law in Montana
An estate includes all the property owned by a person, whether alive or dead. A will (or Last Will and Testament) is a statement of a person’s intention for distribution of their estate after death.* On the other hand, a Trust manages assets for the beneficiary of the trust, whether the donor is alive or dead. Trusts can be stand-alone, as in the case of revocable living trusts, or they may be part of a will. In Montana, estates that include interests in real estate must go through probate.
To discuss your estate planning needs, please contact Mark Mackin, Attorney at Law in Montana.