Both elastic and inelastic processes conserve momentum. Momentum is always conserved. Whether a collision is elastic or inelastic depends on conservation of kinetic energy. If kinetic energy is conserved, then the collision is elastic.
In the case of a decay, there's no collision, so the term elastic versus inelastic is a ill-defined. But the kinetic energy of the particle in its rest frame will go from 0 to some non-zero value for the decay particles.