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How long does it take to close an estate in Mississippi?

For simple and easy probates in Mississippi, the process can take four to six months. Any sort of complication will likely draw out the timeframe.

How long does it take to conclude an estate?

Since every estate is different, the time it takes to settle the estate may also differ. Most times, an executor would take 8 to 12 months. But depending on the size and complexity of the estate, it may take up to 2 years or more to settle the estate. Why does settling an estate take time?

How do I close an estate in Mississippi?

The Mississippi probate attorney presents a Petition to Close the estate at a hearing at the Chancery Court. Usually the heirs to the estate are in agreement with the distribution of estate assets and will sign a Waiver and Joinder to the Petition to Close.

Do you have to probate an estate in MS?

Upon your death, your will must go through probate, a court proceeding that declares the will valid or invalid. Once the court declares a will valid, it appoints an administrator for the will unless the deceased named an executor.

What if your estate does not cover your debt?

Before any of your assets are distributed, they are first used to pay off your outstanding debt. Your beneficiaries will then receive the remainder of your assets. If you dont have enough cash assets to pay off your debt, then other assets will need to be sold to pay off debt, such as property.

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