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Last Will and Testament Template - Mississippi
A Mississippi Last Will and Testament is a legal form that allows an individual - also known as a Testator - to identify who should receive their property, elect guardians for their minor children, and put an agent in charge of carrying out their wishes. There are two other parties named in a will: an Executor (the agent appointed by a Testator to carry out the terms of the will), and a Beneficiary (a person deriving advantage from the will).
Preparing the document also minimizes tensions among surviving family members - battling over possessions can weaken what may have been a strong family.
The Mississippi Last Will, available for download below, is regulated by Title 91, Chapter 5 (Wills and Testaments) . The document must be signed by two credible individuals in the presence of the Testator. Click on this link to create your own form with our customizable template.
What Is a Last Will Testament in Mississippi?
A Last Will gives the Testator the opportunity to distribute their estate, property and digital assets between spouses, children, partners, friends, relatives, and organizations. The Testator has the option to elect the estate's Executor. The Executor is the person - either a close friend or a professional accountant or consultant - who will be responsible for carrying out the provisions of the will.
There are several types of wills:
- A Testamentary Will is a formally prepared document signed in the presence of witnesses.
- A Holographic Will is a written unwitnessed will that rarely holds up in court.
- An Oral Will is a spoken testament given before witnesses.
How to Write a Last Will and Testament in Mississippi?
A Last Will and Testament in Mississippi is usually made up of instructions regarding:
- Burial requests;
- Debts and expenses;
- Personal property;
- Cash, bank accounts, investments;
- Digital assets.
Not all assets the Testator owns can be distributed according to their will. The only property the Testator may bequeath is solely-owned property titled at their name at the time of death. Any property owned by the Testator's spouse or partner will also not be affected by the provisions of a will.
Download Last Will and Testament Template - Mississippi
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