The Big Sandy Mountaineer -

DESIGNATING BENEFICIARIES THROUGH CONTRACTUAL ARRANGEMENTS

There are three methods people can transfer their property to beneficiaries when they pass away. The three methods are: contractual arrangements, written wills or Montana intestate succession statutes (laws for those who did not have a written will). For this article, we will look at contractual arrangements.

Contractual arrangements that specifically provide for the passing of property to a beneficiary are considered as transfers taking effect at death. Some examples of assets which provide the naming of beneficiaries through contr...