Detailed Answer
Under Minnesota’s Uniform Probate Code (Minn. Stat. Chapter 524), distribution of net proceeds from the sale of a decedent’s real property occurs after proper court authorization and either a court-approved accounting or a waiver of accounting. The Personal Representative (PR) must first obtain an order to sell the real property under Minn. Stat. §524.3-907. Once the sale closes, the PR distributes the proceeds according to Minn. Stat. §524.3-803. Before disbursing funds, heirs and beneficiaries must sign specific probate forms to grant the PR authority to distribute and to acknowledge receipt.
Key Forms Heirs Must Sign
- Consent to Independent Administration (Form PR-431): Under Minn. Stat. §524.3-101, this form allows the PR to administer the estate and distribute assets—including sale proceeds—without further court orders.
- Waiver of Accounting (Form PR-430): Pursuant to Minn. Stat. §524.5-115, beneficiaries sign this waiver to dispense with a formal accounting, expediting the distribution process.
- Receipt, Voucher, and Release (Form PR-600): This document confirms each heir has received their allocated share of the sale proceeds and releases the PR from any subsequent liability related to that distribution.
Helpful Hints
- Download current probate forms from the Minnesota Judicial Branch website under “Probate Forms.”
- Verify which administration method (independent vs. supervised) the court approved before signing notices or waivers.
- Review form instructions carefully and sign in the presence of a notary if required.
- Keep copies of all signed forms and filed court orders in your personal records.
- Consider consulting a probate attorney if you have questions about your rights, the language of any form, or potential disputes among heirs.