MSU Extension Personal and Financial Management Publications 1 1 1

Main Author: Marsha A. Goetting Ph.D., CFP®, CFCS Professor & Extension Family Economics Specialist Department of Agricultural Economics & Economics 2 2 2

www.montana.edu/estateplanning/ eppublications.html Website www.montana.edu/estateplanning/ eppublications.html Print out FREE 3

From local county Extension offices Available FREE: From local county Extension offices 4 4

but there is a charge for postage Order from: https://store.msuextension.org but there is a charge for postage 5 5

Credit Management 6 6 6

Credit Card Trackers EB-168 Small credit card tracker that fits around credit/debit cards. Includes a Record of Credit Card Debt. 7 7 7

Estate Planning 8 8 8

Accessing a Deceased Person’s Financial Accounts MT200301HR Describes how heirs can access deceased person’s financial accounts 6 9

Provides information about annuities Annuities MT199213HR Provides information about annuities Outlines how to shop for an annuity 10 10 10

Beneficiary Deeds in Montana MT200707HR Explains how Beneficiary Deeds allow owners of real property to: Transfer their Montana property to one or more beneficiaries without probate 11 11 11

Montana Body Donation Program: A Potential Component of an Estate Plan MT201804HR Some Montanans are motivated to make a body donation by the desire to contribute to medical education. 12 12 12

Using a Bypass Trust to Provide for Children from Remarried, Step, and Blended Families MT201407HR Explores: Important issues for Montana families (remarried, step, and blended) about the varying challenges to the estate planning process. 13 13 13

Montana Common Law Marriage & Estate Planning MT201408HR Explores: Montana common law marriage from an estate planning perceptive 14 14 14

Explores: Personal & family concerns State & Federal regulations Costs Cremation MT200201HR Explores: Personal & family concerns State & Federal regulations Costs 115 15

Designating Beneficiaries Through Contractual Arrangements MT199901HR Learn about transferring your assets through contractual arrangements: Insurance policies IRAs Employee benefit plans Payable on death accounts (POD) Transfer on death accounts (TOD) 13 16

Dying Without a Will in Montana: Who Receives Your Property MT198908HR Provides legal terms & detailed examples of possible scenarios for distribution of property if a person dies without writing a will 14 17

Dying Without a Will in Montana: Interactive website www.montana.edu/dyingwithoutawill Illustrates how your property will be distributed under Montana law if you are a Montana resident and if you pass away without a written will (as do 7 out of 10 Americans). 15 18

Estate Planning for Families with Minor &/or Special Needs Children MT199117HR Explains how to provide for children's physical & financial care in case of parents' death 16 19

Estate Planning: Getting Started MT199508HR Explains how & why to arrange for the future use & distribution of your property 20 17 20

Estate Planning Tools for Owners of Pets & Companion Animals or Service Animals MT201405HR Outlines legal options for owners who plan to name a caregiver for their pets. 21 21

Federal Estate Tax MT199104HR Analyzes how federal tax laws affect individual estates 22 22

Gifting: A Property Transfer Tool Estate Planning MT199105HR Explains how to use: Gifts of real & personal property to reduce income taxes & eventually estate taxes 23 23

Glossary of Estate Planning Terms MT200202HR Provides definitions of some of the estate planning terms used in MSU Extension Estate Planning MontGuides 24 24

Letter of Last Instructions MT198904HR Explains what should be included in a letter of last instructions to assist survivors after the death of the writer 25 25

Life Estate: A Useful Estate Planning Tool MT200510HR Explains how to leave a life estate to someone for use during his/her lifetime with estate passing on to the remainderman after the death of the life tenant 26 26

Life Insurance: An Estate Planning Tool MT199211HR Explains uses of life insurance as a part of a family's estate plan. 27 27

Livestock Brands in Montana: An Important Component of an Estate Plan MT201805HR Explains Montana brand ownership laws as they pertain to estate planning. 28 28

Long-Term Care Partnership Insurance in Montana MT201202HR Provides basic information about the Montana long-term care partnership insurance program, tax benefits, and shopping tips 29 29

Medicaid & Long-Term Care Costs MT199511HR Outlines the legal & tax ramifications Explores impacts on emotional & physical health of financing long-term care 30 30

Montana’s End-of-Life Registry MT200602HR Answers commonly asked questions about the Montana End-of-Life Registry 318 31

Save Montana Income Taxes with a Charitable Gift Annuity: A Legacy Qualifying for the Montana Endowment Tax Credit MT201807HR Explains how charitable gift annuities could be used to meet both the altruistic and tax savings goals of Montanans. 32 32

Montana Rights of Terminally Ill Act MT199202HR Describes how a person can choose to terminate his/her medical  treatment, if they have an incurable or irreversible condition 33 33

Distributions from a trust Gifts while living Montana Uniform Transfers to Minors Act (UTMA) Custodial Accounts for Children Under Age 21 MT199910HR Describes how a parent or other adults can make gifts of assets to children: Bequests with a will Distributions from a trust Gifts while living 34 34 31 34

Nonprobate Transfers MT199509HR Describes the various forms of ownership that allow the deceased's property to bypass probate & transfer directly to beneficiaries. 35 35

Personal Representatives MT199008HR Explains responsibilities of a personal representative when settling an estate 36 36

Power of Attorney (financial) MT199001HR Explains how to give another person authority to make financial decisions for you. 37 37

Probate in Montana MT199006HR Provides guidelines & costs for the process of settling an estate in Montana 38 38

Property Ownership MT198907HR Describes the three main forms of property ownership: Solely-owned Joint tenancy with right of survivorship Tenancy in common 39 39

Provider Orders for Life-Sustaining Treatment MT199008HR Form that gives you control over your medical treatments near the end-of-life. Recognized as an actual medical order 40 40

Revocable Living Trusts MT199612HR Explains: Benefits & shortfalls Costs & tax consequences of living trusts 41 41

Selecting an Organizational Structure for Your Business MT199708HR Describes the various types of business structure: Sole proprietorship Partnership Corporation (S&C) Limited liability company (LLC) 42 42

Settling an Estate: What Do I Need to Know MT201004HR Assists survivors start the process of settling an estate & ease the burden following the death of a loved one. 43 43

Transferring a Montana Vehicle Title After the Death of an Owner MT201613HR Describes how to transfer a Certificate of Title, also known as title, for a motor vehicle to the deceased person’s heirs. 44 44

Transferring Real Property Owned in a Joint Tenancy or in a Life Estate Without Probate MT201606HR Describes how to transfer a Certificate of Title, also known as title, for a motor vehicle to the deceased person’s heirs. 45 42 45

Transferring Your Farm or Ranch to Next Generation EB 149 Provides ideas about starting a conversation with family members who are reluctant to discuss estate planning 43 46

What Are Your Rights Over Your Remains? MT200918HR Describes the Montana Right of Disposition Act that allows a person to provide instructions for disposing of his or her remains 47 47

Outlines why & how to construct a will including: Costs Restrictions Wills MT198906HR Outlines why & how to construct a will including: Costs Restrictions Changes after its  completion 45 48

Who Gets Grandma’s Yellow Pie Plate? MT199701HR Explains how to deal with some of the issues that may arise with the transfer of non-titled property 49 49

Estate Planning: The Basics Packets COST $10.00 EB 144 18 Estate Planning guides Free Additional guides can be ordered Name will be added to a mailing list to receive update when there are state & federal law changes 50 50

Financial Management 51 51 51

Check Register EB 50 COST $1.00 Detailed instructions explain how to transform an own ordinary checkbook into a handy budgeting tool. 52

Using a Check Register to Track Your Expenses MT198903HR Accompanies Check Register Tracking System (EB 50) Explains how to utilize the Check Register. 53 53

Developing a Spending Plan MT199703HR Contains worksheets for balancing income & expenses so that money is available for the things families need most. 54 54

Helping with Friends Cope with Financial Crisis MT200206HR Explains the resources that are available to help friends that may be in financial crisis. 55 55

Schedule of Non-monthly Living Expenses MT198910HR Includes instructions & a worksheet for determining a set-aside amount for a family's non-monthly living expenses. 56 56

Using a Homestead Declaration to Protect Your Home from Creditors MT199815HR Explains how to file a homestead declaration to protect equity in home against most creditor’s claims. 57 57

Household Record-Keeping 58 58 58

Record of Important Papers Interactive Form provided by eXtension 59 59

Your Important Papers—What to Keep & Where MT199611HR Offers personalized & efficient system for preserving & safeguarding important family papers. Provides a handy reference for deciding what items to keep. 60 60

Marriage & Families 61 61 61

Lending Money to Family Members MT199323HR Analyzes potential hazards of loaning money to relatives. Reviews the tax implications & other legal aspects of the various options. 62 62

Premarital Agreement Contracts in Montana: Financial and Legal Aspects MT201212HR Lists items to consider and highlights some of the financial and legal aspects of premarital agreement contracts. 63 63

Remarried Families: Making Financial Decisions MT199323HR Explains how to develop spending plans and successfully communicate about financial goals within remarried families. 64 64

Talking With Aging Parents About Finances MT199324HR Provides strategies for dealing diplomatically with family finance issues with aging parents. 65 65

Saving & Investing 66 66 66

Montana ABLE Accounts: Achieving a Better Life Experience MT201809HR Savings Account allowing persons with disabilities to save money and not lose their SSI or Medicaid benefits. 67 67

First-Time Homebuyer Savings Accounts MT199918HR Explains how Montana residents can save money in a special savings account for the purchase of a first home & save on Montana income taxes. 68 68

Health Savings Accounts MT200704HR Explains the Federal Health Savings Account (HSA) eligibility requirements 69 69

Montana Medical Care Savings Account MT199817HR Explains: Who is eligible What expenses are allowed How to set up an MSA How much can be saved on Montana Income Taxes 70 70

Track’n Your Savings Goals MT200303HR Illustrates a technique to help track progress towards achieving family & personal savings goals 71 71

Track’n Your Savings Goals Register EB 164 A 36-page 3x6" savings register fits inside a checkbook cover to keep savings goals handy. 72 72

Family Economics Website www.montana.edu/ extensionecon/ familyeconomics 73

Estate Planning Website www.montana.edu/ estateplanning 49 74