March 24, 2021
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 specifically provide for the passing of property or assets to a beneficiary and are considered transfers taking effect at death. Some examples of assets which provide the naming of beneficiaries through contractual arrangements are: life insurance and annuity p...