§ 524.3-1204 — 524.3-1204 SMALL ESTATES; CLOSING BY SWORN STATEMENT OF PERSONAL REPRESENTATIVE.

Minnesota § 524.3-1204

• Jurisdiction: Minnesota
• Part: PROBATE; PROPERTY; ESTATES; GUARDIANSHIPS; ANATOMICAL GIFTS
• Ch. 524: UNIFORM PROBATE CODE

Text

(a) Unless prohibited by order of the court and except for estates being administered by supervised personal representatives, a personal representative may close an estate administered under the summary procedures of section524.3-1203by filing with the court, at any time after disbursement and distribution of the estate, a statement stating that:
(1) to the best knowledge of the personal representative, the entire estate, less liens and encumbrances, did not exceed an exempt homestead as provided for in section524.2-402, the allowances provided for in sections524.2-403and524.2-404, costs and expenses of administration, reasonable funeral expenses, and reasonable, necessary medical and hospital expenses of the last illness of the decedent;
(2) the personal representative has fully administered the estate by disbursing and distributing it to the persons entitled thereto; and
(3) the personal representative has sent a copy of the closing statement to all distributees of the estate and to all creditors or other known claimants whose claims are neither paid nor barred and has furnished a full account in writing of the personal representative's administration to the distributees whose interests are affected.
(b) If no actions or proceedings involving the personal representative are pending in the court one year after the closing statement is filed, the appointment of the personal representative terminates.
(c) A closing statement filed under this section has the same effect as one filed under section524.3-1003.

Legislative History

1974 c 442 art 3 s 524.3-1204;1975 c 347 s 70;1976 c 161 s 14;1986 c 444;1996 c 305 art 1 s 114