Title 91, Trusts and Estates

(a) In this section:(1) “Beneficiary,” “multiple-party account, “party,” “P.O.D. account,” “P.O.D. payee,” “T.O.D. account,” and T.O.D. payee” have the meanings assigned in Title 91, Chapter 21, Mississippi Code of 1972.(2) “Public retirement system” has the meaning assigned by S…

(a) Two (2) individuals are related to each other by consanguinity if:(1) One (1) is a descendant of the other; or(2) They share a common ancestor. (1) One (1) is a descendant of the other; or (2) They share a common ancestor. (b) An adopted child is considered to be a child of t…

(a) If a decree of divorce or annulment is rendered after an insured has designated the insured’s spouse as a beneficiary under a life insurance policy in force at the time of rendition, a provision in the policy in favor of the insured’s former spouse is not effective unless:(1)…

(a) If a decree of divorce or annulment is rendered after a spouse, acting in the capacity of a participant, annuitant, or account holder, has designated the other spouse as a beneficiary under an individual retirement account, employee stock option plan, stock option, or other f…

(a) Two (2) individuals are related to each other by affinity if:(1) They are married to each other; or(2) The spouse of one (1) of the individuals is related by consanguinity to the other individual. (1) They are married to each other; or (2) The spouse of one (1) of the individ…

(1) A person is not a surviving spouse of a decedent if the person’s marriage to the decedent has been dissolved by divorce, annulment, or a declaration that the marriage is void, unless:(1) As the result of a subsequent marriage, the person is married to the decedent at the time…

(1) In this chapter:(1) “Disposition or appointment of property” includes a transfer of property to or a provision of another benefit to a beneficiary under a trust instrument.(2) “Divorced individual” means an individual whose marriage has been dissolved by divorce, annulment, o…

(a) The dissolution of the marriage revokes a provision in a trust instrument that was executed by a divorced individual as settlor before the divorced individual’s marriage was dissolved and that:(1) Is a revocable disposition or appointment of property made to the divorced indi…

(a) An interest granted in a provision of a trust instrument that is revoked under Section 91-29-7(a)(1) or (2) passes as if the former spouse of the divorced individual who executed the trust instrument and each relative of the former spouse who is not a relative of the divorced…