TN 11 (01-14)

A. Policy for Minnesota small estate affidavit

1. Basic statute

Under Minnesota Statutes — Section 524.3-1201, where the value of the decedent’s entire probate estate does not exceed $50,000, a person indebted to or holding personal property must pay the indebtedness or deliver the personal property when a claiming successor presents a proper affidavit and a certified death record of the decedent.

2. Contents of affidavit

The claiming successor, or someone on his or her behalf, must make the affidavit and state that:

1. The value of the entire probate estate, determined as of the date of death, wherever located, including specifically any contents of a safe deposit box, less liens and encumbrances, does not exceed $50,000;

2. Thirty days have elapsed since the death of the decedent;

3. No application or petition for the appointment of a personal representative is pending or has been granted in any jurisdiction;

4. The claiming successor is entitled to payment or delivery of the property.

3. Good acquittance

Payment of an underpayment pursuant to an affidavit discharges and releases us to the same extent as if the claiming successor were the personal representative of the decedent. There is no obligation to inquire into the truth of any statements in the affidavit. For effect of affidavit, see Minn. Stat. Section 524.3-1202.

B. Policy for Minnesota summary administration

Minnesota Statutes Summary Proceedings — Section 524.3-1203 provides for summary administration of a small estate under certain circumstances. The court may or may not appoint a personal representative for Summary administration proceedings. Upon the filing of a petition, a court may order the personal representative or petitioner to summarily assign or distribute the estate in the order named. If a person seeking legal representative status presents a court final decree or order for distribution pursuant to Minn. Stat. section 524.3-1203, see GN 02301.035D.