Scott W. Farago

Scott W. Farago

Associate
Location:
Missoula, Montana
Phone:
406-523-2500
Fax:
406-523-2595
Email:

Scott is a native of Missoula, Montana who loves to fly fish, be in the outdoors and spend time with his wife and sons - Brody and Dawson. Scott attended law school at the University of Montana School of Law. Following law school, Scott earned his Master's Degree in Tax Law (LL.M) from the University of Washington in Seattle, Washington. Prior to law school, Scott attended Montana State University where he graduated with honors earning a bachelor's degree in business management and a minor in entrepreneurship and small business management.


Scott's practice focuses on:

- Estate Planning: Creating and maintaining an estate plan to meet the goals of his clients and to ensure the client and the client's family are well prepared in the event of death, incapacity or unforeseen tragedy.

  • Wills
  • Trust planning (living and testamentary / revocable and irrevocable)
  • Life insurance trusts
  • Powers of attorney
  • Healthcare directives / Living Wills
  • Avoiding or minimizing potential estate tax burdens
  • Lifetime giving and charitable giving / avoiding or minimizing gift tax burdens
  • Beneficiary deeds
  • Probate avoidance and easing the estate administration process
  • Succession planning for family cabins, ranches, farms and businesses

 - Probate / Estate Administration:

  • Formal or informal probate
  • Small estate administration

- Business Planning and Structuring:

  • Entity formation
  • Preparation of internal governing documents, such as bylaws, shareholder agreements, partnership agreements, operating agreements, and the like.
  • Partnership and corporate tax planning
  • Limited Liability Companies (LLC's)
  • Buy-sell agreements and business succession planning
  • Business transactions
  • Asset sales, stock sales, mergers, liquidation
  • General legal and tax consulting for the business owner

- Tax Exempt Entities:

  • Preparation and filing of application for exemption
  • Advise tax-exempt entities during operation

- Real Estate Transactions:

  • Buy/Sell agreements
  • Tax deferred exchanges
  • Advise on structure of transactions
  • Deed of trust transactions
  • Contract for deed transactions

- Residential and Commercial Landlord/Tenant Issues:

  • Preparation of lease (residential and commercial)
  • Termination of lease / eviction

- Tax

Areas of Practice

  • Estate & Gift Planning / Wills & Trusts
  • Estate Administration / Probate
  • Business Planning / Corporate / Entity Formations
  • Tax
  • Real Estate / Real Estate Transactions
  • Residential and Commercial Leases / Landlord-Tenant

Bar Admissions

  • Montana, 2013

Education

  • University of Montana School of Law, Missoula, Montana
    • J.D.
  • University of Washington School of Law, Seattle, Washington
    • LL.M. - Masters in Tax Laws
    • Honors: With Honors
  • Montana State University, Bozeman, Montana
    • B.A.
    • Honors: With Honors
    • Major: Business Management
    • Minor: Entrepreneurship and Small Business Management

Honors and Awards

  • Top 40 lawyers under 40 in Wills, Trusts and Estate Law

Professional Associations and Memberships

  • BETTR (Business, Estates, Trusts, Tax & Real Estate) Section of the Montana State Bar, Member
  • Western Montana Estate Planning Council
  • Trout Unlimited
  • Registered Tax Professional with the IRS