1997 Minnesota Statutes

     524.3-912 Private agreements among successors to 
  decedent binding on personal representative.  

    Subject to the rights of creditors and taxing authorities, 
 competent successors may agree among themselves to alter the 
 interests, shares, or amounts to which they are entitled under 
 the will of the decedent, or under the laws of intestacy, in any 
 way that they provide in a written contract executed by all who 
 are affected by its provisions.  The personal representative 
 shall abide by the terms of the agreement subject to the 
 obligation to administer the estate for the benefit of 
 creditors, to pay all taxes and costs of administration, and to 
 carry out the responsibilities of office for the benefit of any 
 successors of the decedent who are not parties.  Personal 
 representatives of decedent's estates are not required to see to 
 the performance of trusts if the trustee thereof is another 
 person who is willing to accept the trust.  Accordingly, 
 trustees of a testamentary trust are successors for the purposes 
 of this section.  Nothing herein relieves trustees of any duties 
 owed to beneficiaries of trusts.  

    HIST: 1974 c 442 art 3 s 524.3-912; 1986 c 444