Who is not subject to probate in Minnesota?

Minnesota estate planning attorney Karen Schlotthauer explains that there is a probate is the deceased had assets greater than $50,000.

Contact Karen Schlotthauer

Email: [email protected]

Phone: (612) 336-9324

Transcript:

Is everyone subject to a probate in Minnesota? In Minnesota, you have a probate if you die with probate assets that total more than $50,000.00. So if I die with $10,000.00 in one bank account, my family does not have to have a probate proceeding. There’s a shortcut to that where we use a document called an affidavit for collection, which we can present to the bank and they will pay that over to the person who’s entitled to it.