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Minnesota Instructions - Affidavit for Collection of Personal Property (Small Estate - No Real Estate)

State:
Minnesota
Control #:
MN-SKU-1732
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PDF
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Description

Instructions - Affidavit for Collection of Personal Property (Small Estate - No Real Estate)

Minnesota Instructions — Affidavit for Collection of Personal Property (Small Estate — No Real Estate) is a legal document used in Minnesota to allow an individual (the "affine") to recover the property belonging to a deceased person (the "decedent") who has died without leaving a will. This document is used when the value of the estate is below a certain amount (generally $50,000) and does not include real estate. The affine must provide proof of the decedent's death, a list of all property to be collected, and a list of all creditors of the decedent. There are two types of Minnesota Instructions — Affidavit for Collection of Personal Property (Small Estate — No Real Estate): an Unsupervised Affidavit, and a Supervised Affidavit. An Unsupervised Affidavit is used when the affine believes that the estate has no creditors and no debts. A Supervised Affidavit is used when the affine believes that the estate has creditors and/or debts and the affine must submit the affidavit to a court for approval.

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FAQ

This process is used in Minnesota to avoid probate court if the value of the estate is no greater than $75,000.

Affidavit of No-Probate (PS2071) is used by one or more heirs at law (adult children, parents, siblings), who affirm they have the authority to represent all heirs and that the estate is not subject to probate. The applicant's signature must be notarized or witnessed.

An heir can use a small-estate affidavit if the estate's worth is below the $75,000 limit set by Minnesota law.

How to Write (1) Name Of Minnesota Deceased.(2) County Of Minnesota Deceased.(3) Name of Minnesota Petitioner.(4) Address Of Minnesota Petition. (5) Date Of Minnesota Decedent Death.(6) Basis For Minnesota Petitioner Claim.(7) Minnesota Decedent Estate Assets.(8) Signature Date Of Minnesota Petitioner.

Under Minnesota statute, where as estate is valued at not more than $75,000, an interested party may, thirty (30) days after the death of the decedent, issue a small estate affidavit to collect any debts owed to the decedent.

More info

This article answers frequently asked questions about using a small estate affidavit to transfer probate property to heirs in Texas. No form should be completed or filed until thirty (30) days have elapsed since death.A small estate affidavit is a legal document that can be used to transfer property to heirs without a formal probate. With some simple paperwork, your loved one's estate can be distributed without a costly court proceeding. Woman typing on laptop. Here are the requirements. The completed affidavit should be filed with the probate court, which will confirm that it complies with all legal requirements. A certified copy of the death certificate is submitted with this affidavit. 2. Fill out the affidavit in full. The required wording should be on the form you obtained.

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Minnesota Instructions - Affidavit for Collection of Personal Property (Small Estate - No Real Estate)