Do I Have to Open an Estate in Mississippi?

I get questions frequently from friends and current clients about whether an estate needs to be open in Mississippi if a family member of theirs passes away. Sometimes an estate is required and sometimes it is not. If a person’s estate is worth less than $50,000, then you generally do not have to open one unless there is an asset, like real property, that needs to be handled through an estate in order to make sure the title to the land is clear. Some assets pass outside this completely, such as life insurance benefits and retirement plans, which go to...

Continue reading