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MS SB2160
Bill
AI Summary
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Amends Section 91-5-29 of Mississippi Code to revise how a spouse's separate estate is calculated when determining eligibility to renounce a deceased spouse's will.
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Changes gender-specific language to gender-neutral terms ("person" instead of "wife"/"husband") throughout the statute.
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Adds new requirement that the entire value of the marital homestead must be excluded from any calculation of separate estate when determining whether a spouse can renounce the will.
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Maintains existing three-tier system for calculating spousal entitlement based on the ratio of separate property to intestate share (2/3, 1/2, or 1/3 proportions).
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Takes effect July 1, 2014.
Legislative Description
Wills; revise calculation when spouse seeks to renounce.
Last Action
Died In Committee
2/4/2014