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Under common law, testamentary capacity requires the person to have the following abil- ities: (1) know the nature and extent of their property; (2) know the natural objects of their bounty; (3) understand how the will disposes of their property; and (4) demonstrate the ability to make a rational plan as to the ...
Montana law requires that a testator have ?testamentary capacity.? This means that the testator must have been at least 18 years old and must have been ?of sound mind? at the time that they made the will. In other words, the testator must not have been suffering from a mental incapacity.
Testamentary capacity refers to the ability of a person to make a valid will. Most states have both an age requirement (usually 18 years old) and a mental capacity requirement.
When a loved one dies, you have up to two years to file probate with the local courts. Montana probate law also requires heirs to wait at least five days to begin proceedings. Once you file probate, the process usually takes six months to a year, though it can be longer.
Transfer on Death Deeds in Montana (MSU Extension MontGuide) (PDF Version) (HTML Version-ADA Accessible) [Order Online] A Transfer on Death Deed allows owners of real property in Montana to transfer it at death to one or more designated beneficiaries without probate.
Collection of Personal Property by Affidavit ? This procedure may be initiated 30 days after a person dies, if the value of the entire estate (less liens and encumbrances) does not exceed $50,000.
Testamentary capacity requires only a narrow analysis whereas contractual capacity requires a more in-depth analysis into a person's mental state and understanding. It is important to note that capacity is examined at the time when the person drafted and executed the document.