Highlight In Legal Mississippi Accounting Forms For Free

While you aren't financial liable, as the attorney-in-fact, you're still the point of contact for the principal's debts. Creditors have a right to attempt to collect the funds that are owed. They don't, however, have a right to harass you.

Witnesses: A Mississippi will must be signed by at least disinterested two witnesses in the presence of the testator if the will was not written entirely and signed by the testator. Writing: A Mississippi will must be in writing, except as noted below. Beneficiaries: A testator can leave property to anyone.

A power of attorney under this chapter must be filed in the youth court of the county where the minor child or children reside at the time the form is completed, and the clerk of the youth court will not impose or collect a filing fee.

The POA cannot transfer the responsibility to another Agent at any time. The POA cannot make any legal or financial decisions after the death of the Principal, at which point the Executor of the Estate would take over. The POA cannot distribute inheritances or transfer assets after the death of the Principal.

The requirements and restrictions vary in each state; however, in Mississippi, your document will require notarization. If your agent will have the authority to manage real estate transactions, the Power of Attorney will need to be acknowledged by a notary and recorded or filed with the county.

Every partnership, LLC, or LLP, domestic or foreign, deriving income from property owned within the State of Mississippi or business, trade, profession or occupation carried on within the state must file a return.