Trusts

Rules about creating a trust in land

A trust for real property must be created by a written instrument signed by the party who declares or creates such trust (the “settlor”), or by his or her last…
Wills

Should I have a Trust or a Will?

A trust may be revocable or irrevocable.  A trust can be created during a person’s lifetime and survive the person’s death. A trust can also be created by a will…
Small Estate

Small Estate in Mississippi

If small estate laws apply there is no need to probate or open an administration to collect property of the estate. Instead, an affidavit containing the requirements of law may…
Trusts

Some reasons it benefits to set up a trust

Some reasons to set up a trust include: Control Ultimate Beneficiary Second Marriage Protection Bloodline Protection Creditor Protection Divorce Protection Spendthrift Protection Grandchild Trust Substance Abuse Share v. Sprinkle Benefits…
Trusts

Special Needs Trust

§ 91-8-1109. Protection of special needs trusts and other similar trusts for disabled persons. Notwithstanding the provisions of this chapter [8] that may otherwise be applicable to a trust, no…
Wills

Spouse can Renouce Will of their Spouse

Mississippi Law provides as follows in regard to renounceation. “When a husband makes his last will and testament and does not make satisfactory provision therein for his wife, she may,…
General

TOD security

Mississippi has adopted laws to allow a transfer on death deed. It has previously adopted transfer on death laws for securities. Under the laws, “Security” means a share, participation, or…
Trusts

Trust Accounting to Court

A trustee is not required to but may file an accounting of the trustee’s administration of a trust in the Chancery court at any time and seek a partial or…
Trusts

Trust For Animals in Mississippi

In Mississippi, you can create a trust for an animal. The animal must be alive. The trust terminates when the animal dies. If the Trustee is not performing the duties…
Articles, Trusts

Trusts Article

Trusts A trust involves any arrangement by which legal title to property is transferred from one person to be administered by a trustee for another person’s benefit.  The trustee is…
Trusts

Vacancy of Trustee and Successor Trustee

(a) A vacancy in a trusteeship occurs if: (1) A person designated as trustee rejects the trusteeship; (2) A person designated as trustee cannot be identified or does not exist; (3) A trustee resigns;…
Probate

Venue for Probate

The chancery court in the county where the decedent had a fixed place of resident, or if none, where any real estate of the decedent is located is the proper…
Wills

What are self-probating wills?

A so-called “self-probating Will” typically has affidavits of the witnesses who saw the decedent sign the Will. The affidavits are attached to the Will. In those affidavits, the witnesses state:…

All content is for informational purposes only. It is also only intended to relate to Mississippi Estate Planning Law.  If other states are mentioned, they are mentioned as an example only. No legal advice is provided in this content.