70-1-703. Conveyances to an estate. Unless a contrary intention appears, a devise, as defined in 72-1-103, or an inter vivos conveyance of a property interest to the estate of a named or otherwise designated person passes the interest as if the interest had been owned by that person. The interest may pass to the heirs of that person, may be used to satisfy devises made in that person’s will, or may be used to satisfy claims for debts or taxes.

Terms Used In Montana Code 70-1-703

  • Devise: To gift property by will.
  • estate: as used in this part means persons who may take interests in property. See Montana Code 70-1-702
  • Inter vivos: Transfer of property from one living person to another living person.
  • Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
  • Property: means real and personal property. See Montana Code 1-1-205