If your estate exceeds this value or is expected to exceed this value then estate planning advice should be sought to avoid taxes. Often these taxes are incurred because of underestimation of the value of one's estate. In Montana property values have greatly increased over the last few years. All increased values and prospective values should be considered. Even though one's estate does not reach the above threshold presently future increases in value should be considered.
Prior planning is essential.
Also, for married persons the combined estate of both spouses should be considered. There are numerous options available to save taxes. You should consult with an attorney or other estate planning professional to prepare an estate plan which avoids taxes. A living trust is the primary instrument used to avoid estate taxes. A trust is an instrument that a person can create which may include virtually any desired provisions, to govern the disposition of his or her property.