Perhaps you feel you have completed your estate plan and either wrote a will or trust and are confident that you now know who receives your property when you pass away, right? Well, says Dr. Marsha Goetting, “you may be wrong if you have also utilized other Montana tools for avoiding probate.” Dr. Marsha Goetting, MSU Extension Family Economics Specialist, will present an estate planning workshop on Monday, November 26, 2012 from 1:00-5:00 p.m. at the Prairie County Courthouse.
Dr. Goetting, MSU Extension Family Economics Specialist, will explore the "ins and outs" of payable on death designations (PODs), transfer on death registrations (TODs), and other beneficiary designations. She will highlight the Beneficiary Deed law that allows a Montanan to pass real property without probate and the new Power of Attorney Law that was passed by the 2011 Legislature. She will also explain the POLST program that is an actual medical order regarding life sustaining treatment.
Dr. Goetting emphasizes that even if you think you have an estate plan you could achieve peace of mind by attending the session. As a matter a fact people who do not think their estate is large enough to be concerned about could benefit from the session as most do not realize that state law determines where their property passes simply by the title they have on their personal and real property.
Dr. Marsha A. Goetting is a Professor and Extension Family Economics Specialist at Montana State University in Bozeman. During the past few years she has presented over 800 workshops reaching over 25,000 Montanans with financial and estate planning information. She has also authored over 75 MontGuides and bulletins and has received national, regional, and state awards for her financial management and estate planning programs.
Sharla Sackman, MSU Prairie County Extension agent has attended estate planning programs presented by Goetting and says participants so enjoy the presentations and are able to come out of the programs with information and ideas they can immediately put into practice.
Published Nov. 7, 2012