There are nine (9) formal probate steps in Minnesota. Because everybody asks: yes, there is a difference between an unsupervised versus a supervised formal process in MN.
Also, selecting the right probate process is even more important if the person who died had no money.
If you are a personal representative and you need help creating forms or complying with the steps outlined below, please contact this law office for help.
First 4 formal probate steps
Both an unsupervised and supervised formal probate starts the same. The first five (5) steps are:
- Filing a petition with the right court or venue,
- Notice for a hearing given to every interested person and entity,
- An actual formal hearing takes place, and
- The probate court or venue issues an order.
Next 5 formal probate steps: Unsupervised
The next five (5) steps for an unsupervised process are:
- Asset collection,
- Inventory preparation,
- Settling claims with creditors,
- Tax returns, and
- Estate distribution.
Next 5 formal probate steps: Supervised
The next five (5) steps for an supervised process are:
- Asset collection,
- Inventory preparation,
- Settling claims with creditors,
- Tax returns, and
- Seeking a court order.
What is the difference?
One of the biggest difference between a formal and an informal probate process is being forced to seek and ask for a Court’s approval. In other words, acquiring a court order.
Yes, reducing liability owed to a creditor, taking the right steps to account for the assets of another person and distributing their assets accordingly to the rules of their will or a court is a responsibility imposed by law.
If you have time, consider reviewing these rules and laws to help your decision making process.
Need more help?
Whether you are a beneficiary or want to be a personal representative of an estate, please contact this law office for help.
