Legal Question in Wills and Trusts in Minnesota
Final Account - Closing the Estate
I am the Personal Representative of my uncle's estate. I am closing the informal probate. Does Minnesota law state that I must send the ''Personal Representative Statement to Close Estate'' and the ''Final Account'' by law to every devisee in the will? I am concerned that one of the other devisee's will know what I am receiving from the estate and taking as a fee and will gossip. All of the individuals will not be a problem, but one is a charity to which I belong - can I not send the Final Account to this one devisee and just send them their check with the Receipt, Release and Indemnity? What is the law on this?
1 Answer from Attorneys
Re: Final Account - Closing the Estate
Well, if it is an informal unsupervised, you don't have to do a final account. Doing one, however, might not be a bad idea.
You are required to give all interested parties a full explanation of where all the money went. If you have prepared a formal account, you might as well use it; and yes it should go to all devisees listed in the will.
Final comment. If you don't have a lawyer, your prospects of making a serious mistake are substantial. I certainly recommend that you get one. If you do have a lawyer, ask this question of him or her.
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