Estate Planning

Managing Your Finances with Chronic Illness: Essential Tips & Strategies

By Tanko Law Montana / November 20, 2024 November 20, 2024

Managing finances can be particularly challenging for those with chronic illnesses, as they face not only routine financial pressures, but also additional costs and uncertainties related to their health. Understanding the right insurance options and establishing legal safeguards are essential steps in securing a stable financial future. This guide provides key strategies and insights into …

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Will You Owe Taxes on Your Inheritance?

By Tanko Law Montana / June 30, 2024 July 26, 2024

The idea of inheritance tax is one that terrifies many people. Will you be able to keep the house in which you grew up? Are you going to lose your parents’ antique furniture? What about the family farm or the lake house? How are you going to pay all the bills like funeral and creditor …

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Do You Need a Will If You Have No Kids?

By Tanko Law Montana / October 20, 2022 July 29, 2024

Many people begin the process of creating their Will after getting married or as they start to have children, wanting to ensure their dependents are taken care of to the best of their ability. What about those who choose a child-free life or remain single? Do You Need a Will If You’re Child-Free?  The answer …

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Can My Estate Plan Protect My Children During Divorce?

By Tanko Law Montana / March 14, 2022 July 26, 2024

As a caring parent, you have probably made an estate plan and allocated your assets to your children. However, you might be a bit uncertain whether your son or daughter married the right person and if what you leave them with will someday be given to their ex-spouse. Each state in the US is different, …

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Nine Estate Planning Trends for 2022

By Tanko Law Montana / February 10, 2022 December 4, 2023

Estate planning is the preparation that serves to manage or dispose of an estate in the event of incapacitation or death. Planning for your estate is vital since it determines what happens to your asset after your death or incapacitation. The plan will guarantee ease in passing on your property to loved ones. An estate …

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What Are Your Rights If You’re Left Out of Your Spouse’s Will?

By Tanko Law Montana / October 19, 2021 July 26, 2024

The death of a spouse ranks as the most stressful life event a person can experience. As a surviving spouse, it is natural to be overwhelmed with grief, sadness, and despair. But imagine coping with the loss of your husband or wife and then discovering that they left you completely out of their will. Suddenly, …

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6 Frequently Asked Questions About Retirement Accounts

By Tanko Law Montana / October 4, 2021 December 4, 2023

As you manage your end-of-life plans, you may have a number of critical questions about your retirement accounts. Does a 401K have to go through probate? What about other types of retirement accounts? What happens to the money in those accounts after your death? Take a look at some of the most frequently asked questions …

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What Effect Does Marriage and Divorce Have on Your Will?

By Tanko Law Montana / September 6, 2021 July 29, 2024

Creating a will can be a dense and complicated experience for many of us, but the peace of mind that comes from the security you have built for your family will ease tensions you may not even realize that you have. Did you know that there are circumstances, though, that may invalidate or change your …

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Can You Put Your Pet in Your Will? Estate Planning for Pet Owners

By Tanko Law Montana / March 23, 2021 July 29, 2024

Have you thought of what will become of your pet after your demise? If not, this is an excellent time to think about it. It’s essential to have a plan that quickly provides for your pet’s shelter, food, and care. Montana State University Extension points out some tools that pet owners can use to ensure their pets …

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