MS SB2207

Amends Section 27-33-19 of the Mississippi Code to add paragraph (x), which extends homestead exemption eligibility to dwellings and eligible land conveyed to a trustee of a trust established for a beneficiary who occupies the dwelling, provided the trust dissolves upon the beneficiary's death and the beneficiary would otherwise qualify as head of a family.

Allows beneficiaries of trusts holding homestead property to claim the same homestead exemption they would receive if the property were conveyed directly to them, rather than held in trust.

Maintains the existing requirement that only one homestead can be established per family group or qualified individual.

Becomes effective January 1, 2012.