72-2-224. Waiver of right to elect and of other rights. - Montana Statutes

     72-2-224. Waiver of right to elect and of other rights. (1) The right of election of a surviving spouse and the rights of the surviving spouse to homestead allowance, exempt property, and family allowance or any of them may be waived, wholly or partially, before or after marriage, by a written contract, agreement, or waiver signed by the surviving spouse. The written contract, agreement, or waiver is enforceable without consideration.
     (2) A surviving spouse's waiver is not enforceable if the surviving spouse proves that:
     (a) the surviving spouse did not execute the waiver voluntarily; or
     (b) the waiver was unconscionable when it was executed and, before execution of the waiver, the surviving spouse:
     (i) was not provided a fair and reasonable disclosure of the property or financial obligations of the decedent;
     (ii) did not voluntarily and expressly waive, in writing, any right to disclosure of the property or financial obligations of the decedent beyond the disclosure provided; and
     (iii) did not have or reasonably could not have had an adequate knowledge of the property or financial obligations of the decedent.
     (3) An issue of unconscionability of a waiver is for decision by the court as a matter of law.
     (4) Unless it provides to the contrary, a waiver of "all rights", or equivalent language, in the property or estate of a present or prospective spouse or a complete property settlement entered into after or in anticipation of separation or divorce is a waiver of all rights to elective share, homestead allowance, exempt property, and family allowance by each spouse in the property of the other and a renunciation by each of all benefits that would otherwise pass to that spouse from the other by intestate succession or by virtue of any will executed before the waiver or property settlement.

     History: En. 91A-2-204 by Sec. 1, Ch. 365, L. 1974; R.C.M. 1947, 91A-2-204; amd. Sec. 6, Ch. 494, L. 1993; Sec. 72-2-102, MCA 1991; redes. 72-2-224 by Code Commissioner, 1993; amd. Sec. 7, Ch. 592, L. 1995.