Mark Required Fields In Legal Mississippi Small Estates Forms For Free

A Mississippi small estate affidavit presents a claim on an estate by an heir or beneficiary. This process helps claimants avoid probate court in the state of Mississippi, but can only be utilized if the estate is worth no more than $75,000.

Mississippi has a process that allows heirs to entirely skip probate if the total value of the estate, after liens and encumbrances have been subtracted, is $75,000 or less. All an heir must do its prepare a short affidavit, stating that they are entitled to a certain asset, or assets.

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.

Explanation of Mississippi Heirship Affidavit An affidavit of heirship is a sworn statement of one or more family members and at least two unrelated parties that identifies the decedent's legal heirs. These affidavits are sometimes used as an alternative to probate of real estate.

Under Mississippi's Affidavit of Successor (Small Estate Affidavit) procedure, personal property owed to a deceased person with a value of up to $50,000 may be delivered to his or her heirs or successors by affidavit. The affidavit can be made at any time after 30 days have passed since the person's death.

A Mississippi small estate affidavit is a legal statement used to obtain the property and financial assets of a deceased person without intervention from the court. Mississippi law states that a small estate affidavit is applicable when the total value of the decedent's assets is $75,000 or less.