About the Mississippi Probate Process

Probate is a legal process that occurs after a person dies, and it includes:

  • The determination of a will’s validity
  • The identification of a decedent’s property
  • Taking inventory of a decedent’s property
  • The appraisal of a decedent’s property
  • The payment of a decedent’s remaining debts and taxes
  • The distribution of a decedent’s property
Many estates...

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3 Celebrity Probate Disasters and Tragic Lessons

With extreme wealth accumulated, one would assume that celebrities would take steps to protect their estates. But think again: Some of the world’s richest and most famous people enter the pearly gates with no estate plan in place, while others have made estate planning mistakes that tied their fortunes and heirs up for years...

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FAQs – Why You Want to Avoid Probate

Q: What is probate? A: Probate is the process by which the court validates the authenticity of a will; appoints an executor (aka personal representative); and supervises the settlement of an estate, including the payment of bills, filing of tax returns, and transfer of assets to beneficiaries. If no will is presented, the court will...

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The Pros and Cons of Probate

In estate planning circles, the word “probate” often comes with a starkly negative connotation. Indeed, for many people — especially those with larger estates — financial planners recommend trying to keep property out of probate whenever possible. That being said, the probate system was ultimately established to protect the property of the deceased and...

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3 Reasons You Want to Avoid Probate

When you pass away, your family may need to involve the chancery court to claim their inheritance. This can happen if you own property (like a house, car, bank account, investment account, or other asset) in only your name. Although having a will is a good basic form of planning, a will does not avoid probate....

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