This form is a sample letter in Word format covering the subject matter of the title of the form.
Letter To Close Account After Death Without Will In Minnesota
Category:
State:
Multi-State
Control #:
US-0034LTR
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
If you die without a will in Minnesota, your property is divided ing to the state's intestate laws. Generally, your spouse receives the largest portion or even the entire estate if there are no descendants. If there are descendants, the estate is split among the spouse and children in a manner defined by law.
The law generally provides that, without a will, your estate will pass to your spouse, if still alive, but in situations where either spouse has children from other marriages, the spouse's share may be less than the entire estate. If your spouse is not alive, your estate will pass to your children in equal shares.
In Minnesota, if a decedent has less than $75,000 of assets and no real estate, they may bypass the probate process. If a trust is involved, there will be a trustee or trustees. The trust must go through an administrative phase, the process for closing out the trust.