Montana Taxes for Retirees (A 2024 Tax Guide for Retirees)
Montana Elder Law Blog
by shalu
2M ago
Introduction: Montana Taxes for Retirees  Montana taxes for Retirees are favorable in that there is no sales tax and low property taxes, but one should prepare […] The post Montana Taxes for Retirees (A 2024 Tax Guide for Retirees) first appeared on Montana Elder Law ..read more
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Probate in Montana: Everything You Need to Know
Montana Elder Law Blog
by shalu
2M ago
Introduction to Probate in Montana Probate in Montana is the legal process of validating a deceased person’s will, settling their debts, and distributing their assets according […] The post Probate in Montana: Everything You Need to Know first appeared on Montana Elder Law ..read more
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When Should I Hire an Elder Law Attorney
Montana Elder Law Blog
by shalu
2M ago
Introduction: Expertise From an Elder Law Attorney When should you hire an elder law attorney? If you’re facing complex Medicaid planning, long-term care decisions, or need […] The post When Should I Hire an Elder Law Attorney first appeared on Montana Elder Law ..read more
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How Does an Elderly Person Become a Ward of the State
Montana Elder Law Blog
by shalu
4M ago
Becoming a Ward of the State An elderly person becomes a ward of the state when a court determines they can no longer manage their own care or finances due to cognitive impairments or lack of family support. The State makes these decisions for the welfare of the individual. They may be in a situation where they have little to no support from their family or they may have a disability keeping them from managing their affairs. If necessary, the State can assume Guardianship of the individual.\   This article from Montana Elder Law discusses the essential details involved in this process. Ou ..read more
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Medicaid for Married Couples (Eligibility and Planning)
Montana Elder Law Blog
by shalu
4M ago
Introduction – Medicaid for Married Couples Planning for Medicaid for married couples involves evaluating income and assets, gathering all necessary financial records, accurately completing the application, and consulting with an elder law attorney to ensure financial protection for the community spouse while securing long-term care benefits. Eligibility for Medicaid in Montana for a married couple generally requires that the applicant’s monthly income be below $2,742, with countable assets under $3,000. Additionally, the community spouse is allowed to retain up to $148,620 in assets. This gui ..read more
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How to Contest a Will: A Probate Attorney’s Prospective
Montana Elder Law Blog
by shalu
4M ago
How to Contest A Will: Introduction To contest a will during probate, you must file a petition in probate court citing legal grounds such as undue influence, lack of capacity, fraud, or improper execution. Each state has unique forms – so check with the probate court office or seek professional assistance. Contesting a will means legally challenging its validity during the probate process. Someone might contest a will if they believe it doesn’t reflect the true intentions of the deceased or was made under improper circumstances. This process can impact the distribution of the estate and involv ..read more
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Early Retirement: Pros and Cons
Montana Elder Law Blog
by shalu
5M ago
Getting Familiar with Early Retirement   Early retirement is becoming a popular trend among many individuals seeking to enjoy more freedom and flexibility in their later years.  This decision has significant advantages and potential drawbacks, so it’s important to carefully weigh both sides.  If you have been considering early retirement, or you’re determined to retire early and want to know what to expect, this article from Montana Elder Law should provide some insights.   Key Takeaways Early retirement can offer increased personal freedom and time for hobbies. It require ..read more
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Probate for Small Estates (Montana 2024)
Montana Elder Law Blog
by shalu
5M ago
Introduction to Probate for Small Estates   Probate for small estates is simpler and less expensive than probate for larger estates. There are special procedures to know for this simplified process. Probate is the legal process of validating a will and distributing the deceased’s assets. Small estates often benefit from streamlined processes that reduce the complexity and duration of probate, making it essential to be informed about these specific considerations. Montana Elder Law knows the ins and outs of probate and settling estates. Let us help today!   Key Takeaways Definition o ..read more
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Guardianship vs. Power of Attorney
Montana Elder Law Blog
by shalu
5M ago
Introduction to Guardianship and Power of Attorney   Guardianship and power of attorney are legal mechanisms that help manage decisions for those who can no longer do so themselves.  However, their purposes and applications differ.  Guardianship often involves a court-appointed individual making decisions for someone who is incapacitated.  In contrast, a power of attorney (POA) allows a designated person to act on behalf of another under specific circumstances.  Knowing when and how to use each can significantly impact the autonomy and rights of the individual involved ..read more
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Estate Liquidation Planning (Montana 2024)
Montana Elder Law Blog
by shalu
5M ago
What is Estate Liquidation Planning?   Estate liquidation planning is beneficial for Montana residents who need to manage and sell assets after a loved one’s passing. This process involves assessing the value of assets, organizing sales, and handling legal requirements.  Caring for your and your family’s well-being is the priority. If a little proactive planning can make the mourning period less stressful, then it was worth it. For sound legal advice about estate liquidation planning, Montana Elder Law is a dedicated resource for estate planning in Montana.   Key takeaways: Tra ..read more
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