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If the estate includes real estate, probate is typically required. The one exception applies to real estate property with a named heir in the will and less than $10,000 in personal assets.
Probate laws are required in Mississippi, just like in other states. However, not every estate has to go through probate. Estates with less than $50,000 dont need to go through probate. You can avoid all the court hearings that come with the probate process by submitting an informal; probate affidavit.
In Mississippi, you can make a living trust to avoid probate for virtually any asset you ownreal estate, bank accounts, vehicles, and so on. You need to create a trust document (similar to a will), naming someone to take over as trustee after your death (called a successor trustee).
Probate is triggered when a person dies leaving behind assets that require legal transfer. This includes: Solely Owned Real Property: Must be probated for ownership transfer. Personal Assets: Bank accounts and investments without designated beneficiaries.
You usually need probate or letters of administration to deal with an estate if it includes property such as a flat or a house.
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The probate process generally unfolds in three primary stages: opening, administering, and closing the estate. Opening the Mississippi Estate in Chancery Court. Administration of the Estate. Closing the Estate.

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