Current as of November 2026. General information, not legal or tax advice.
Mississippi adopted the Mississippi Uniform Trust Code, Chapter 8 of Title 91, with its notice provisions applying to trusts that became irrevocable on or after July 1, 2014. Like Tennessee, Mississippi rewrote the reporting section: there is no scheduled annual report, and the opening notice may consist of either a copy of the trust or an abstract.
Who must provide an accounting in Mississippi
Section 91-8-813 requires the trustee to keep the current mandatory or permissible distributees reasonably informed about the administration. The trustee must respond in a reasonable time to a qualified beneficiary's request for information, and the beneficiary reimburses the trustee's reasonable costs of responding.
Within 60 days after an irrevocable or nongrantor trust is accepted and funded, the trustee notifies current income beneficiaries, vested remainder beneficiaries and nonfiduciary holders of powers of appointment that the trust exists, by first-class mail or personal delivery. The notice includes either a complete copy of the trust document or an abstract with specified information about the trustees and beneficiaries. When an income interest ends, the takers of that interest receive the same notice.
A beneficiary may waive reports and information and later withdraw the waiver. Where the trustee is bound by written confidentiality restrictions on an asset, it may require beneficiaries to agree in writing to those restrictions before receiving information about it.
Under section 91-8-105(d), the notice and information duties may be waived or modified in the trust instrument, or in a writing delivered to the trustee by the settlor, a trust protector or a trust advisor with the power to do so. The waiver can apply during the lifetime of the settlor or the settlor's spouse, can change the default age of 25 at which beneficiaries must be notified, or can designate a beneficiary surrogate to receive notices and reports on a beneficiary's behalf.
What a Mississippi trust accounting must contain
Because the statute sets no periodic report, it sets no report format. A trustee who wants the benefit of the limitation rule below needs a written report that discloses enough for a beneficiary to know of any potential claim or to inquire.
When a Mississippi accounting is contested
Section 91-8-1005 bars a proceeding for breach of trust more than one year after the beneficiary was sent a report that adequately disclosed the potential claim. A report discloses adequately if it gives enough information that the beneficiary knows of the claim, is presumed to know of it, or should inquire into it. Otherwise, the outer limit is three years from the first of the trustee's removal, resignation or death, the end of the beneficiary's interest, or the end of the trust. Parallel rules apply to claims by cotrustees, successor trustees, trust advisors and trust protectors.
How T.E.A. Fiduciary helps
We prepare Mississippi trust reports built to start the section 91-8-1005 one-year period, even though the statute does not require a periodic report. We work alongside your attorney and your tax preparer; we do not prepare tax returns.
This page provides general information about Mississippi fiduciary accounting requirements and is not legal or tax advice. Statutes and court rules change. Verify the current text before relying on any of it, and consult counsel on questions of legal interpretation.
More: the uniform framework · all state pages · our services
Primary source: Mississippi Code Title 91, Chapter 8 (Mississippi Uniform Trust Code).
Written by Christina Gutman, C.P.A. — Founder and Principal of T.E.A. Fiduciary. Christina is licensed as a Certified Public Accountant by the State of California and has specialized exclusively in fiduciary accounting for over a decade, preparing trust, estate, and conservatorship accountings for law firms, professional fiduciaries, trust companies, family offices, and individual trustees nationwide. She has also served as a forensic consultant in contested accounting matters. More about Christina
