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MN HF2515

Bill

Status

Introduced

3/8/2016

Primary Sponsor

Dennis Smith

Click for details

Origin

House of Representatives

89th Legislature 2015-2016

AI Summary

  • 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.

  • 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.

  • Increases probate estate threshold for summary closing from $100,000 to $150,000 and affidavit collection threshold from $50,000 to $75,000.

  • 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.

  • 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

Committee Referrals

Public Safety and Crime Prevention Policy and Finance3/14/2016
Civil Law and Data Practices Policy3/8/2016

Full Bill Text

No bill text available