Property Ownership
In Montana, intestate succession refers to:
AProperty transfer by will
BDistribution of property when a person dies without a valid will✓ Correct
CProperty transfer through a trust
DGovernment seizure of abandoned property
Explanation
Intestate succession is the process by which property passes to heirs according to state law when a person dies without a valid will. Montana's intestate succession laws determine the order of inheritance.
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Key Terms to Know
Joint Tenancy
Co-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
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