Requirements to create a Trust in Mississippi

A trust can be created under Mississippi law if:

(1) The settlor has capacity to create a trust;
(2) The settlor indicates an intention to create the trust;
(3) The trust has a definite beneficiary or is:

(A) A charitable trust;
(B) A trust for the care of an animal, as provided in Section 91-8-408; or
(C) A trust for a noncharitable purpose, as provided in Section 91-8-409;

(4) The trustee has duties to perform; and
(5) The same person is not the sole trustee and sole beneficiary.

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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. Laws change so you need to check for any updates by current laws in Mississippi.

Requirements to create a Trust in Mississippi

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