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Trusts. One of the most popular ways to avoid probate is by having a revocable living trust as part of your estate plan.
Hear this out loud PauseThe person named in a Will as the one that should serve as the personal representative. The surviving spouse, if they are entitled to receive property ing to the Will. Other people who are entitled to receive property under the Will.
Hear this out loud PauseIf your personal property exceeds $75,000 or you own real estate in your name alone, your estate must be probated.
Hear this out loud PauseThe timeframe for this process in Minnesota can vary widely, typically ranging from several months to over a year, depending on factors such as the size and complexity of the estate, the clarity of the will, and whether or not the probate process is contested.
Hear this out loud PauseThe person who desires to be in charge of the probate estate files an application with the Probate Court to act as the ?personal representative? (also called ?executor?) of the estate. When approved by the Probate Court, that person must comply with certain responsibilities established in the Missouri Probate Code.