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MS HB699

Bill

Status

Failed

2/1/2022

Primary Sponsor

Thomas Reynolds

Click for details

Origin

House of Representatives

2022 Regular Session

AI Summary

  • 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

  • Maintains existing requirements that successors must wait at least 30 days after death and confirm no probate application is pending before claiming assets

  • Defines eligible successors in priority order: surviving spouse first, then children, grandchildren, and finally parents or siblings if no closer relatives survive

  • 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