One Minnesotan’s probate action may differ considerably from that of another’s.
If you die with more than $50,000 in assets in your name alone, or own real estate in your name alone, a probate proceeding is required in Minnesota to handle the transfer of your assets.
For most Minnesotans, probate is either “formal” or “informal”. Formal proceedings are of two types: “supervised” or “unsupervised” by the Probate Court. Informal proceedings are always unsupervised, and entail little court involvement. Supervised proceedings involve considerable Court involvement. » Read more..