Mississippi Senate Bill 2729 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on February 5 2019 - 100% progression
Action: 2019-02-05 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Revise Mississippi Law Governing Estates And Trusts; To Create A New Section To Create The Mississippi Real Property Transfer On Death Act; To Enact Definitions; To Provide For Applicability, And Nonexclusivity; To Authorize A Transfer On Death Deed That Is Both Revocable And Nontestamentary; To Require Capacity On The Part Of The Transferor And Set Other Requirements; To Waive Notice, Delivery, Acceptance And Consideration; To Set Limits On Revocation; To Provide For The Effect Of A Transfer On Death During A Transferor's Life; To Provide For The Effect Of Subsequent Conveyance; To Provide For The Effect At Transferor's Death And The Effect Of Liens, Encumbrances And Creditors' Claims; To Authorize Disclaimer; To Provide Optional Forms; To Provide For Revocation Of Certain Instruments Executed Before Divorce; To Enact Definitions; To Provide For The Liability Of The Former Spouse And Certain Others; To Make Provision For Certain Multiple-party Accounts; To Create Standards For Determining Affinity And Consanguinity; To Create The Mississippi Uniform Estate Tax Apportionment Act; To Create New Section 27-10-51, Mississippi Code Of 1972, To Enact A Short Title; To Create New Section 27-10-53, Mississippi Code Of 1972, To Create Definitions; To Create New Section 27-10-55, Mississippi Code Of 1972, To Provide For Apportionment By Will;; To Create New Section 27-10-57, Mississippi Code Of 1972, To Create A Statutory Scheme For Apportionment Of Estate Taxes; To Create New Section 27-10-59, Mississippi Code Of 1972, To Provide For Credits And Deferrals; To Create New Section 27-10-61, Mississippi Code Of 1972, To Provide For Instances When Property Is Impracticable Or Unavailable For Payment Of Tax; To Create New Section 27-10-63, Mississippi Code Of 1972, To Make Recapture Provisions; To Create New Section 27-10-65, Mississippi Code Of 1972, To Provide For Payment By A Fiduciary; To Create New Section 27-10-67, Mississippi Code Of 1972, To Provide For Collection By A Fiduciary; To Create New Section 27-10-69, Mississippi Code Of 1972, To Create A Right Of Reimbursement; To Create New Section 27-10-71, Mississippi Code Of 1972, To Put Jurisdiction In The Chancery Court; To Create New Section 27-10-73, Mississippi Code Of 1972, To Provide For Uniformity; To Create New Section 27-10-75, Mississippi Code Of 1972, To Provide For Severability; To Create New Section 27-10-77, Mississippi Code Of 1972, To Make Transition Provisions; To Create New Section 91-9-521, Mississippi Code Of 1972, To Provide For The Rights Of A Beneficiary's Creditor Or Assignee; To Create New Section 91-9-523, Mississippi Code Of 1972, To Create A Spendthrift Provision; To Provide For Foreign Personal Representatives And Ancillary Administration; To Enact Definitions; To Provide For Delivery, Payment, And Effect Of Both; To Provide For Powers Of A Foreign Personal Representative; To Provide For A Nonresident Decedent; To Provide For Jurisdiction Over A Foreign Personal Representative And Service Of Process; To Create New Sections 91-9-525, 91-9-527, 91-9-529, 91-9-531, 91-9-533 And 91-9-535, Mississippi Code Of 1972, To Provide For Creditor Rights With Respect To Beneficial Interests In Trusts; To Create New Sections 91-8-501, 91-8-502, 91-8-503, 91-8-504, 91-8-505, 91-8-506 And 91-8-507, Mississippi Code Of 1972, To Create Article 5 Of The Uniform Trust Code To Provide For Spendthrift Trusts; To Amend Section 91-8-105, Mississippi Code Of 1972, To Conform; To Repeal Sections 27-10-1 Through 27-10-25, Which Constitute The Uniform Estate Tax Apportionment Act; To Repeal Sections 89-21-1 Through 89-21-17, Mississippi Code Of 1972, Which Constitute The Uniform Disclaimer Of Property Interests Act; To Repeal Sections 91-9-501 Through 91-9-511, Mississippi Code Of 1972, Which Constitute The Family Trust Preservation Act Of 1998; To Repeal Section 91-7-259, Mississippi Code Of 1972, Which Provides For Foreign Fiduciaries And Lawsuits And Debts; And For Related Purposes.

Uniform Probate and Trust Codes; enact portions.

Sen. Joey Fillingane [R]

Date	Chamber	Action
2019-02-05	Senate	Died In Committee
2019-01-21	Senate	Referred To Judiciary, Division A

Type	Source
Summary	https://billstatus.ls.state.ms.us/2019/pdf/history/SB/SB2729.xml
Text	https://billstatus.ls.state.ms.us/documents/2019/html/SB/2700-2799/SB2729IN.htm