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What is a Family Limited Partnership (FLP) under Montana law?

A Family Limited Partnership (FLP) is a limited partnership made up of family members. The advantages of this kind of partnership are tax savings, asset protection, and asset control. FLPs allow ge… Read More

What is the difference between a revocable trust and an irrevocable trust?

A revocable trust is an agreement made by an individual during his or her lifetime, naming a trustee and beneficiary. Trust assets must be moved to the trust with a change in title of ownership. Th… Read More

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