# Mont. Code Ann. § 72-2-238: 72-2-238 Exclusions, valuation, and overlapping application

> Montana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MT_T72_C2_P2_S72-2-238

## Section

- **Citation:** Mont. Code Ann. § 72-2-238
- **Heading:** 72-2-238 Exclusions, valuation, and overlapping application
- **Jurisdiction:** Montana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MT Code / Title 72 / Chapter 2 / Part 2 / Section 72-2-238

## Text

72-2-238 . Exclusions, valuation, and overlapping application. (1) The value of any property is excluded from the decedent's nonprobate transfers to others:

(a) to the extent the decedent received adequate and full consideration in money or money's worth for a transfer of the property;

(b) if the property was transferred with the written joinder of, or if the transfer was consented to in writing before or after the transfer by, the surviving spouse; or

(c) if the property is life insurance or accident insurance payable to persons other than the decedent's surviving spouse or the decedent's estate.

(2) The value of property:

(a) included in the augmented estate under 72-2-235 , 72-2-236 , or 72-2-237 is reduced in each category by enforceable claims against the included property; and

(b) includes the commuted value of any present or future interest and the commuted value of amounts payable under any trust, life insurance settlement option, annuity contract, public or private pension, disability compensation, death benefit or retirement plan, or any similar arrangement, exclusive of the federal social security system. The commuted value of life and term interests in income, annuity, or unitrust amount must be determined in accordance with U.S. treasury regulations for internal revenue purposes in effect at the time of the decedent's death.

(3) In case of overlapping application to the same property of 72-2-235 , 72-2-236 , or 72-2-237 , the property is included in the augmented estate under the provision yielding the greatest value, and under only one overlapping provision if they all yield the same value.

## Nearby sections

- [Mont. Code Ann. § 72-2-231 72-2-231 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T72_C2_P2_S72-2-231.md)
- [Mont. Code Ann. § 72-2-232 72-2-232 Elective share](https://www.frixlaw.com/law-library/statutes/STATE_MT_T72_C2_P2_S72-2-232.md)
- [Mont. Code Ann. § 72-2-233 72-2-233 Composition of the augmented estate](https://www.frixlaw.com/law-library/statutes/STATE_MT_T72_C2_P2_S72-2-233.md)
- [Mont. Code Ann. § 72-2-234 72-2-234 Decedent's net probate estate](https://www.frixlaw.com/law-library/statutes/STATE_MT_T72_C2_P2_S72-2-234.md)
- [Mont. Code Ann. § 72-2-235 72-2-235 Decedent's nonprobate transfers to others](https://www.frixlaw.com/law-library/statutes/STATE_MT_T72_C2_P2_S72-2-235.md)
- [Mont. Code Ann. § 72-2-236 72-2-236 Decedent's nonprobate transfers to surviving spouse](https://www.frixlaw.com/law-library/statutes/STATE_MT_T72_C2_P2_S72-2-236.md)
- [Mont. Code Ann. § 72-2-237 72-2-237 Surviving spouse's property and nonprobate transfers to others](https://www.frixlaw.com/law-library/statutes/STATE_MT_T72_C2_P2_S72-2-237.md)
- [Mont. Code Ann. § 72-2-238 72-2-238 Exclusions, valuation, and overlapping application](https://www.frixlaw.com/law-library/statutes/STATE_MT_T72_C2_P2_S72-2-238.md)
- [Mont. Code Ann. § 72-2-239 72-2-239 Sources from which elective share payable](https://www.frixlaw.com/law-library/statutes/STATE_MT_T72_C2_P2_S72-2-239.md)
- [Mont. Code Ann. § 72-2-240 72-2-240 Personal liability of recipients](https://www.frixlaw.com/law-library/statutes/STATE_MT_T72_C2_P2_S72-2-240.md)
- [Mont. Code Ann. § 72-2-241 72-2-241 Proceeding for elective share -- time limit](https://www.frixlaw.com/law-library/statutes/STATE_MT_T72_C2_P2_S72-2-241.md)
- [Mont. Code Ann. § 72-2-242 72-2-242 Right of election personal to surviving spouse -- incapacitated surviving spouse](https://www.frixlaw.com/law-library/statutes/STATE_MT_T72_C2_P2_S72-2-242.md)
- [Mont. Code Ann. § 72-2-243 72-2-243 Effect of premarital or marital agreement right to elect and of other rights](https://www.frixlaw.com/law-library/statutes/STATE_MT_T72_C2_P2_S72-2-243.md)
- [Mont. Code Ann. § 72-2-244 72-2-244 Protection of payors and other third parties](https://www.frixlaw.com/law-library/statutes/STATE_MT_T72_C2_P2_S72-2-244.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MT_T72_C2_P2_S72-2-238. Check the current official text before relying on it. Not legal advice.