Ms Title Chancery Sample

In Mississippi, you can make a living trust to avoid probate for virtually any asset you ownreal estate, bank accounts, vehicles, and so on. You need to create a trust document (it's similar to a will), naming someone to take over as trustee after your death (called a successor trustee).

A Muniment or Muniment of Title is a legal term for a document, title deed or other evidence, that indicates ownership of an asset.Muniments of title are deeds, wills, and court judgments through which a particular land title passes and upon which its validity depends.

Mississippi has a simplified probate process for small estates. To use it, an executor files a written request with the local probate court asking to use the simplified procedure. The court may authorize the executor to distribute the assets without having to jump through the hoops of regular probate.

Net value of probate estate is $50,000 or less, or. Probate asset is bank account or accounts totaling no more than $12,500, or. Probate estate is $500 or less.

Mississippi probate is usually required if a deceased person died with Mississippi assets in his or her name and those assets do not pass automatically at the person's death.There are some alternatives to probate that may apply in limited circumstances.

Explanation of the Mississippi Muniment of Title Procedure A muniment of title is an alternative to probate that allows a judge to recognize a will as valid for the sole purpose of transferring title to real estate. Creditors are not notified no executor or executrix is appointed.