MS SB2580

Amends Section 27-33-19 of the Mississippi Code to add a new category (y) to the definition of "home" or "homestead" for homestead exemption purposes.

Allows a dwelling and eligible land conveyed to a trust trustee to qualify for homestead exemption if the trust is established for a beneficiary who occupies the dwelling and the trust dissolves upon the beneficiary's death.

Requires that the beneficiary would otherwise qualify as head of a family if the property had been conveyed directly to them rather than to the trust.

Takes effect January 1, 2014.