Yes, to an extent. When you devise assets through a Last Will and Testament or leave no will and make no other arrangements for your assets, Montana’s default Probate process kicks in. But many people would like to avoid the full probate process, given that involving a probate court and potentially a court-appointed executor can be time consuming and expensive. Since probate proceedings happen in court, probate can also be invasive — publicly airing details of assets a family might not be comfortable sharing.
Some Estate Planning options include Trusts; Joint Tenancy with right of survivorship; Payable-on-Death (POD) bank accounts; and Transfer-on-Death (TOD) securities and deeds. Exercising these options prevents named assets from going through probate and creates a mechanism for making sure an asset goes to whomever you intended. Even if your will must go through the probate process, however, for reasons such as having courts sort through family disputes, careful Estate Planning can make the process easier on all involved. Bulman, Jones & Cook will counsel you on your Estate Planning options and make sure it’s done right.