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MN HF2515
Bill
Status
3/8/2016
Primary Sponsor
Dennis Smith
Click for details
AI Summary
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Increases spousal intestate share threshold from $150,000 to $225,000 and supplemental elective share from $50,000 to $75,000 for decedents dying domiciled in Minnesota.
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Raises exempt property allowance for surviving spouses from $10,000 to $15,000 in household goods and family allowance from $1,500 to $2,300 per month.
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Increases probate estate threshold for summary closing from $100,000 to $150,000 and affidavit collection threshold from $50,000 to $75,000.
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Adds new provisions allowing courts to reform governing instruments to correct mistakes of fact or law and to modify instruments to achieve transferor's tax objectives.
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Removes guardianship and conservatorship from judicial arbitration exclusions, making them subject to arbitration for dispute resolution.
Legislative Description
Probate provisions modified.
Last Action
Second reading
4/20/2016