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An easement allows at least one non-owner to use a piece of property. Generally, an easement will not actually give the second individual any ownership rights. They simply have the right to use that property, but it is not an asset that they own and they can’t change...
When you own land, like a farm or a ranch, you also own what lies beneath the land – its mineral rights. In fact, you may even have sold off the land at some point but retained the severed mineral rights and the royalties that go along with them. How you convey your...
If you have a life insurance policy, the value of that policy may be higher than any other asset you own. Even if it is not, it is still going to be a very significant financial asset. You got the policy because you wanted to provide stability for your family, and you...
Every Montana estate plan is unique because it will reflect the family relationships and personal values of the testator drafting the documents. Still, most estate plans need to achieve two different objectives. They need to address what happens when someone dies and...
If you have carved out a ranch in Montana, you are likely quite proud of your operation. You may dream of passing the family ranch down to your children. Whether you hope that one of them will run the ranch on their own or that all of your children will share the land...
Many people understand why they would need a medical power of attorney. This document helps you if you're not able to make medical decisions. It legally chooses another person who has been granted the power to do so. They're known as your agent, and they can make...
If you asked most people about the connection between divorce and estate planning, they'd likely tell you there isn't any. After they gave the matter some thought, though, they may see where the two areas of the law intersect. Many spouses see life's many milestones,...
For many individuals and even families in Minnesota, farm or ranch land is the biggest household asset. Whether you bought your own property or took over the family farm, you want to protect every acre of your land for yourself and possibly future generations. Good...
Early planning for your long-term care needs will pay off. If you run a business now, this is a good time to start talking to others about business succession and what you expect as you age. As a part of your long-term plans, you may include specific times when you...
Turning 18 is usually when people become legal adults. Parents typically lose their authority when a child reaches the age of majority. Most legal adults will retain their independence their entire lifetime. However, there are some adults who require more help than...