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MS HB854

Bill

Official Source

Status

Failed

3/3/2020

Primary Sponsor

Percy Watson

Click for details

Origin

House of Representatives

2020 Regular Session

AI Summary

  • Increases the estate valuation threshold for obtaining an affidavit of succession from $50,000 to $75,000 under Mississippi Code Section 91-7-322.

  • Raises the estate value limit for safe-deposit box access affidavits from $50,000 to $75,000 under Mississippi Code Section 81-5-64.

  • Allows successors to access decedent's personal property and safe-deposit boxes without formal probate administration when estate value does not exceed $75,000.

  • Effective date: July 1, 2020.

Legislative Description

Probate; increase value of estate for affidavits of succession.

Last Action

Died In Committee

3/3/2020

Committee Referrals

Judiciary A2/14/2020

Full Bill Text

No bill text available