2007 Minnesota Statutes

524.3-1204 SMALL ESTATES; CLOSING BY SWORN STATEMENT OF PERSONAL
REPRESENTATIVE.
(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 section 524.3-1203 by 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 section 524.2-402,
the allowances provided for in sections 524.2-403 and 524.2-404, 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
section 524.3-1003.
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