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MS HB699
Bill
Status
Failed
2/1/2022
Primary Sponsor
Thomas Reynolds
Click for details
AI Summary
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Raises the threshold for simplified probate estate transfers from $75,000 to $100,000, allowing estates below this value to be settled through affidavit without appointing a personal representative
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Maintains existing requirements that successors must wait at least 30 days after death and confirm no probate application is pending before claiming assets
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Defines eligible successors in priority order: surviving spouse first, then children, grandchildren, and finally parents or siblings if no closer relatives survive
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Effective date of July 1, 2022
Legislative Description
Probate Estates; increase value of.
Last Action
Died In Committee
2/1/2022
Committee Referrals
Judiciary A1/17/2022
Full Bill Text
No bill text available