HF1372 Summary

• Animal Care Trusts: Establishes legal trusts for animal care that terminate upon the animal's death or within 90 years, allowing designated enforcers to manage funds for pet welfare with excess funds reverting to the settlor's heirs.

• Digital Assets Access: Enacts the Revised Uniform Fiduciary Access to Digital Assets Act, enabling fiduciaries, agents, and conservators to access deceased persons' and principals' digital accounts and electronic communications under specified conditions.

• Probate Updates: Increases spousal intestate share from $150,000 to $225,000, raises supplemental elective share from $50,000 to $75,000, increases exempt property limits from $10,000 to $15,000, and raises family allowance from $1,500 to $2,300 per month.

• Receivership and Assignment Clarifications: Clarifies receiver and assignee powers, establishes short-form assignment recording requirements for real property transfers, and updates references to limited liability companies under the Minnesota Revised Uniform Limited Liability Company Act.

• Limited Liability Company Updates: Adds chapter 322C references throughout statutes, clarifies fee requirements, and updates provisions governing board-managed companies and officer definitions effective retroactively from August 1, 2015.