MSU Extension: Want to Avoid the Cost of Probate? Use PODs and TODs

This is one in a series of articles on estate and legacy planning. Authors are Kaleena Miller, Madison-Jefferson County Extension Agent, kaleena.miller1@montana.edu and Marsha Goetting, MSU Extension Family Economics Specialist, marsha.goetting@montana.edu.

The Montana legislature has provided tools to allow Montanans to have their financial assets passed to the people they choose instead of letting the state decide. According to Montana State University Extension educators, an added benefit is that probate is avoided.

Marsha Goetting, MSU Extension family economics specialist, said financial...