Month: October 2018

What is the Difference Between Revocable and Irrevocable Trusts?

By Tanko Law Montana / October 29, 2018 July 26, 2024

If you’re looking into estate planning, understanding the difference between revocable and irrevocable trusts is vital to your family’s future. If you select the option that doesn’t align with your goals, you could end up with considerable tax and legal penalties. In most cases, the revocable living trust will become irrevocable if the trustmaker dies, …

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Will vs. Living Trust: Which is Right for You?

By Tanko Law Montana / October 15, 2018 July 26, 2024

Even if you’re a person of modest means, you have an estate. Naturally, you want control over the allocation of your assets after you die and want to be sure that your family is cared for properly, which is where an estate plan comes into play. There are two strategies for allocating your assets after …

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