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Estate Plan Drafting The cost of creating a will in Mississippi can range from roughly $250 to $850. A Mississippi trust typically costs anywhere between $900 and $2950. At Snug, any member can create a Power of Attorney and Health Care Directive for free. A Will costs $195 and a Trust costs $500.

Simple trust is one of three general types of trust that must meet three requirements set by the IRS: all the income must be distributed to the beneficiaries yearly, the trust fund must not payout any of its corpus (better known as principal), and cannot make charitable contributions.

A Mississippi trust typically costs anywhere between $900 and $2950. At Snug, any member can create a Power of Attorney and Health Care Directive for free. A Will costs $195 and a Trust costs $500. For many families, this is a great option to get you fully covered and save some money while doing it.

The creation of the trust involves the drafting and signing of a document which details the assets included in the trust. In order to be valid, the Grantor must also specify the Trustee, Successor Trustee, and Beneficiary or Beneficiaries of the trust. The document should be signed in the presence of a Notary Public.

Create a trust document using online software or with the assistance of a lawyer. Sign the trust in front of a notary public. Fund the trust by transferring your property into it. You can do this on your own but the paperwork can be tricky, so you might want to get a lawyer to help you.

To make a living trust in Mississippi, you: Choose whether to make an individual or shared trust. Decide what property to include in the trust. Choose a successor trustee. Decide who will be the trust's beneficiaries?that is, who will get the trust property. Create the trust document.