Revocable trusts; allow trustees of to file affidavit and proof of publication to settle assets.

HB 1384 allows trustees of revocable trusts to settle assets for non-resident decedents who owned Mississippi real property without full probate court proceedings. Specifically, it permits trustees to publish a notice in a local newspaper (in the county where the property is located) and file an affidavit with the chancery clerk as proof. This notice process bars creditors from claiming against the trust assets if they don’t submit claims within 90 days, making it legally equivalent to a court-approved probate settlement. The bill directly affects trustees, creditors, and beneficiaries handling estates of non-resident decedents with Mississippi real property.