MS SB2198

Creates new Section 91-7-33 to allow summary administration for estates valued at $75,000 or less, or for decedents dead more than 2 years, whether testate or intestate.

Permits any beneficiary or nominated executor to file a petition for summary administration, which must be signed and verified by surviving spouse and heirs or legatees (or their representatives if deceased, incapacitated, or minors).

Requires petitioner to conduct diligent search for creditors, serve notice on known creditors, and make payment provisions before court enters order of summary administration and distribution.

Property recipients may be sued by omitted heirs or creditors not properly noticed; creditor claims are barred 3 years after death unless suit is filed, and recipients are liable only up to the value of property they received.

Takes effect July 1, 2014.