MS HB1375

Allows executors and administrators to file inventories listing property with market values instead of requiring sworn appraisers, with option to employ qualified appraisers for items of uncertain value.

Permits waiver of inventory filing requirements in testator's will or by court petition in intestate estates, though courts may later order filing if beneficiaries petition and deem it necessary.

Creates statutory order of abatement for estate distributions: property not disposed by will, residuary bequests, general bequests, then specific bequests, unless testator's will specifies different order.

Eliminates requirement for legal vouchers to support annual and final account filings; allows court to waive annual and final account requirements if waived in will or approved by court upon administrator petition.

Increases successor affidavit threshold from $50,000 to $100,000 for small estates and expands definition of successors to include descendants per stirpes and additional heirs at law.