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One common approach in Mississippi is to base executor compensation as a percentage of the gross estate value (before considering debts, but not including assets that the executor doesnt actually manage, such IRAs or 401Ks with named beneficiaries): 5.0% on the first $100K. 4.0% on the next $200K. 3.0% on the next
Its important to understand the process whether you are an executor or an heir. A petition to open probate is filed with the court. The court will approve the executor or appoint someone if the will didnt name a person. The executor must publish notice in the local newspaper for creditors for three weeks.
You can use an Affidavit in Mississippi, rather than go through a full probate, only if an estate is worth less than $12,500 and there is no bank account or Will. Mississippi also allows for a summary probate procedure for estates worth less than $500.
Spouses in Mississippi Inheritance Law If you have no children or descendants, your spouse inherits everything. However, that changes if you have children, depending on how many children you have.
Its important to understand the process whether you are an executor or an heir. A petition to open probate is filed with the court. The court will approve the executor or appoint someone if the will didnt name a person. The executor must publish notice in the local newspaper for creditors for three weeks.
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Spouses in Mississippi Inheritance Law If you have no children or descendants, your spouse inherits everything. However, that changes if you have children, depending on how many children you have.
You can use an Affidavit in Mississippi, rather than go through a full probate, only if an estate is worth less than $12,500 and there is no bank account or Will. Mississippi also allows for a summary probate procedure for estates worth less than $500.
One common approach in Mississippi is to base executor compensation as a percentage of the gross estate value (before considering debts, but not including assets that the executor doesnt actually manage, such IRAs or 401Ks with named beneficiaries): 5.0% on the first $100K. 4.0% on the next $200K. 3.0% on the next

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