Small Estate Affidavit Mississippi Under Mississippi s Affidavit of Successor Small Estate Affidavit procedure personal property owed to a deceased person with a value of up to 50 000 may be delivered to his or her heirs or successors by affidavit The affidavit can be made at any time after 30 days have passed since the person s death
MISSISSIPPI SMALL ESTATE AFFIDAVIT I We Heir s or Successor s upon being duly sworn state upon my our oath and personal knowledge the following 1 A Decedent SS died on in County Mississippi at the age of years A copy of the death certificate of the decedent is attached hereto as Exhibit 2 AFFIDAVIT OF SMALL ESTATE PURSUANT TO SECTION 91 7 322 OF THE MISSISSIPPI CODE ANNOTATED 1972 AS AMENDED STATE OF MISSISSIPPI COUNTY OF DESOTO This day personally appeared before me Affiant of lawful age being first duly sworn and upon oath states the following
Small Estate Affidavit Mississippi
Small Estate Affidavit Mississippi
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According to Mississippi s statutes Sections 81 5 63 81 12 135 81 12 137 and 91 7 323 the small estate affidavit allows family or other successors to apply for ownership of a decedent s real estate If the estate values less than 75 000 then successors may file the affidavit when 30 days have passed after a decedent s passing Collecting Property With a Small Estate Affidavit Mississippi offers a procedure that allows inheritors to skip probate altogether It s called an affidavit of successor or small estate affidavit To qualify the estate the property you own at death must meet these requirements Need Professional Help Talk to a Probate Attorney Continue
A Mississippi small estate affidavit is a legal statement used to obtain the property and financial assets of a deceased person without intervention from the court Mississippi law states that a small estate affidavit is applicable when the total value of the decedent s assets is 75 000 or less The Mississippi Small Estate Affidavit is a legal document that gives a family member or other qualified heirs the permission to collect the estate of an individual in an expedited way in comparison to more standard means This is done by allowing the individual filing the claim to circumvent the probate process When completed it grants the heirs to a recently deceased relative with
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When a deceased person s estate is small or valued less than a certain amount heirs and beneficiaries can claim assets without probate potentially saving time and money Administering an estate with an affidavit takes the place of formal probate Pursuant to Section 91 7 322 of the Mississippi Code persons are allowed to file a small estate affidavit But in 2020 the amount of estate permitted increased The total amount of the Estate now may be up to 75 000 00 All other elements of the statute remain the same including
1 Small Estate Affidavit Some States allow an affidavit to be executed by the spouse and or heirs of the deceased and present the affidavit to the holder of property such as a bank to obtain property of the deceased Other states require that the affidavit be filed with the Court In Mississippi small estates can bypass probate by using a small estate affidavit for personal property and a muniment of title for real property Small Estate Affidavit If a Mississippi estate has gross value 75 000 you can use the small estate process to settle an estate with no court involvement Requirements
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Small Estate Affidavit Mississippi - The Mississippi Small Estate Affidavit form is filed by successors of a deceased person to claim the personal property The document allows the beneficiaries to transfer property ownership without the lengthy and exhausting court hearings The small estate affidavit form works provided that the assets total value does not exceed 50 000