Final Account And Proposal For Distribution

There are all sorts of forms executors, beneficiaries, and probate court clerks have to fill out and correspond with during probate and estate settlement, including affidavits, letters, petitions, summons, orders, and notices.

Final Account And Proposal For Distribution is a commonly used form within Minnesota. Here’s an overview of what the form is and means, including a breakdown of the situations when (or why) you may need to use it:

Atticus Fast Facts About Final Account And Proposal For Distribution

Sometimes it’s tough to find a quick summary— here’s the important details you should know about Final Account And Proposal For Distribution:

• This form pertains to the State of Minnesota

Government forms are not typically updated often, though when they are, it often happens rather quietly. While Atticus works hard to keep this information about Minnesota’s Form PRO913 - Final Account And Proposal For Distribution up to date, certain details can change from time-to-time with little or no communication.

Step 1 - Download the correct Minnesota form based on the name and ID if applicable

Double check that you have both the correct form name and the correct form ID. Some Minnesota probate forms can look remarkably similar, so it’s best to double, even triple-check that you’re using the right one! Keep in mind that not all States have a standardized Form ID system for their probate forms.

Step 2 - Complete the Document

Fill out all relevant fields in Form PRO913, take a break, and then review. Probate and estate settlement processes in MN are long enough to begin with, and making a silly error can push your timeline even farther back. No thank you!

Note: If you don’t currently know all of the answers and are accessing Form PRO913 online, be sure to avoid closing the browser tab and potentially losing all your progress (or use a platform like Atticus to help avoid making mistakes).

Step 3 - Have Form PRO913 witnessed or notarized (if required)

Some States and situations require particular forms to be notarized. If you have been instructed to get the document notarized or see it in writing on the document, then make sure to hire a local notary. There are max notary fees in the United States that are defined and set by local law. Take a look at our full guide to notary fees to make sure you aren’t overpaying or getting ripped off.

Step 4 - Submit Final Account And Proposal For Distribution to the relevant office

This is most often the local probate court where the decedent (person who passed away) is domiciled (permanently resides) or the institution involved with this particular form (e.g. a bank). Some offices allow you to submit forms online, other’s don’t, and we while we generally recommend going in-person to expedite the process, sometimes that simply isn’t an option.

It’s also a generally good idea to establish a positive working relationship with any probate clerk (unfortunately there’s enough people & process out there making things more difficult and unnecessarily confusing for them), so a best practice is to simply ask the probate clerk proactively exactly how and where they’d prefer you to submit all forms.

Need help getting in touch with a local probate court or identifying a domicile probate jurisdiction?

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Different probate forms or processes can require different deadlines or response times for completing the appropriate form.

While some steps in the process are bound to specific deadlines (like petitioning for probate, having to submit an inventory of assets, or filing applicable notices to creditors and beneficiaries), many probate forms or processes are not tied to a specific deadline since the scope of work can vary based on situational factors or requirements involved.

Either way, there are a bunch of practical reasons why personal representatives should work to complete each step as thoroughly and quickly as possible when completing probate in Minnesota.

5 reasons you should submit PRO913 as quickly as possible:

1. The sooner you begin, the faster Minnesota can allow heirs and beneficiaries to get their share of assets subject to probate. Acting promptly can also decrease the costs & overall mental fatigue through an otherwise burdensome process.
   
   Helpful Context: What’s the Difference Between Probate and Non-Probate Assets?

2. In general, creditors of an estate usually have around 3-6 months from the time you file notice to creditors to file any claims for debt against the deceased’s assets. If they don’t, then that debt is forfeited (and more importantly, the executor won’t be held personally responsible). So doing this sooner means you have a better idea of who is owed what and ensures you won’t get a surprise collector months later.

3. Not filing a will within 30 days (on average) could mean that the probate process proceeds according to intestate laws (laws that govern what happens to someone's stuff without a will) or is subject to unnecessary supervision by the probate court. And if you aren't directly related to the deceased (a.k.a. next of kin), this could also mean you lose your inheritance.

4. It’s important to file any necessary state tax returns on behalf of the deceased or estate by the following tax season in Minnesota. If you don’t, you could owe penalties and interest. This also includes any necessary federal tax returns such as Forms 1040, 1041, or even a Form 706 estate tax return.

5. If a house in the State of Minnesota is left empty (or abandoned) for a while, insurance can get dicey. For example, if the house burns down and no one has been there for a year, an insurance company may get out of paying your claim.

If you’re not using Atticus to get specific forms, deadlines, and timelines for Minnesota probate, then try and stay as organized as possible, pay close attention to the dates mentioned in any correspondence you have with the State’s government officials, call the local Minnesota probate clerk or court for exact answers regarding Form PRO913, and when in doubt— consult a qualified trust & estates lawyer for that area.

Final Account And Proposal For Distribution is one of the many probate court forms available for download through Atticus.

It may also be available through some Minnesota probate court sites, such as . In order to access the latest version, be updated with any revisions, and get full instructions on how to complete each form, check out the Atticus Probate & Estate Settlement software or consider hiring a qualified legal expert locally within Minnesota.

While Atticus automatically provides the latest forms, be sure to choose the correct version of Form PRO913 - Final Account And Proposal For Distribution f using any other site or resource in order to avoid having to re-complete the form process and/or make another trip to the Minnesota probate court office.

Final Account And Proposal For Distribution is a .pdf, so opening it should be as simple as clicking “View Form” from within the Atticus app or by clicking the appropriate link found on any Minnesota-provided government platform. Once you’ve opened the form, you should be able to directly edit the form before saving or printing.

Here’s the text, verbatim, that is found on Minnesota Form PRO913 - Final Account And Proposal For Distribution. You can use this to get an idea of the context of the form and what type of information is needed.

Final Account and Attachments PRO913 St ate ENG 6/20 w w w .mncourts.gov/f orms Page 1 of 12 State of M inne s ota Dis trict Co urt County of J udic ial Dis tr ic t: Court File Number: Case Type: Probate Estate of: Final Account and Proposal for Distribution Original Amended Supplemental Decedent (Deceased person) My name is , and I am the P ersonal Representative of the Estate. Below is a full, true, and complete list of the administration of the Estate: As s ets at Date of De ath [Amounts from Inventory (PRO912)] Total Fair Market Value of Real Estate (from Inventory Attachment A) Total Value of Stocks, Bonds, and Securities (from Inventory Attachment B) Total Value of Mortgages, Notices, and Cash (from Inventory Attachment C) Total Value of Miscellaneous P ersonal P roperty (from Inventory Attachment D) Total Liens and Encumbrances (from all Inventory Attachments) Total Ne t As sets at Date of De ath (from Inve ntory) Summary o f Incre ases to the Es tate (see Attachme nt A for de t ails ) Assets Left Out of Inventory Advances to Estate Interest Dividends Dividend Reinvestment Refunds Final Account and Attachments PRO913 St ate ENG 6/20 w w w .mncourts.gov/f orms Page 2 of 12 Summary o f Incre ases to the Es tate (see Attachme nt A for de t ails ) Gain on Sale of P roperty Miscellaneous Increases Total Incre as e s TOTAL INVENTORY ASSETS AND INCREASES De cre ases (see Attachme nt B for de tails ) Loss on Sale of P roperty Closing Costs Maintenance and Selection Attorney’s Fees and Expenses Personal Representative’s Fees and Expenses Funeral Expenses Expenses of Last Illness Taxes P ayments Made on Mortgage, Contract for Deed, and Other Liens O the r C la ims A llow e d a nd P a id Interim Distributions to Devisees and Heirs Repayment of Advances Expenses of Maintaining Real Estate Other Expenses of Administration Total De cre ases As s ets on Hand for Dis tribution (s e e Attachme nt C for de tails ) P ersonal P roperty on Hand for Distribution Final Account and Attachments PRO913 St ate ENG 6/20 w w w .mncourts.gov/f orms Page 3 of 12 As s ets on Hand for Dis tribution (s e e Attachme nt C for de tails ) Real Estate on Hand for Distribution Total As s ets on Hand for Dis tribution TOTAL DECREASES AND ASSETS FOR DISTRIBUTION FINAL SUMMARY (mus t balance ) Total Net Assets at Date of Death (Inventory) $ Total Decreases $ Total Increases $ Total Assets on Hand for D is tr ibutio n $ TOTAL $ TOTAL $ Total Claims Allowe d and Not Paid (s e e Attachme nt D for de tails ) $ Proposal for Dis tribution The P ersonal Representative proposes to distribute the Estate in the following manner. If you object to the proposed distribution of the Estate, you must file a written objection with the P ersonal Representative within 30 days after mailing or delivery of this proposal to you. Failure to file a written objection will result in termination of your right to object to the proposed distribution. Name Propos e d Dis tribution Final Account and Attachments PRO913 St ate ENG 6/20 w w w .mncourts.gov/f orms Page 4 of 12 Name Propos e d Dis tribution Use another sheet of paper if you need more room to write. I declare under penalty of perjury that everything I have stated in this document is true and correct. Minn. Stat. § 358.116. Dated Personal Representative  Attorney for Pers onal Representative: OR  Self-Represented: Name: Firm: Address: Attorney License No.: Email: Telep hon e: Final Account and Attachments PRO913 St ate ENG 6/20 w w w .mncourts.gov/f orms Page 5 of 12 Attachment A: Increases Assets Omitted from Inventory Item Number Description Value TOTAL Advances to Estate Item Number Description Value TOTAL Interest Item Number Description Value TOTAL Dividends Item Number Description Value TOTAL Final Account and Attachments PRO913 St ate ENG 6/20 w w w .mncourts.gov/f orms Page 6 of 12 Dividend Reinvestment Item Number Description Value TOTAL Refunds Item Number Description Value TOTAL Gain on Sale of Property Item Number Description Value TOTAL Miscellaneous Increases Item Number Description Value TOTAL Use another sheet of paper if you need more room to write. Final Account and Attachments PRO913 St ate ENG 6/20 w w w .mncourts.gov/f orms Page 7 of 12 Attachment B: Decreases Loss on Sale of Property Item Number Description Inventory Value (Basis) Sales Price Loss $ $ $ $ $ $ $ $ $ TOTAL $ Closing Costs Item Number Description Amount $ $ $ $ $ TOTAL $ Maintenance and Selection Item Number Description Amo unt $ $ $ $ $ TOTAL $ Final Account and Attachments PRO913 St ate ENG 6/20 w w w .mncourts.gov/f orms Page 8 of 12 Expenses of Administration Item Number Description Amount $ $ $ $ $ TOTAL $ Attorney’s Fees and Expenses Item Number Description Hourly Rate Number of Hours Amount $ $ $ $ $ TOTAL $ Personal Representative’s Fees and Expenses Item Number Description Hourly Rate Number of Hours Amount $ $ $ $ $ TOTAL $ Funeral Expenses Item Number Description Amount $ $ Final Account and Attachments PRO913 St ate ENG 6/20 w w w .mncourts.gov/f orms Page 9 of 12 Item Number Description Amount $ $ $ TOTAL $ Expenses of Last Illness Item Number Description Amo unt $ $ $ $ $ TOTAL $ Taxes Item Number Description Amount $ $ $ $ $ TOTAL $ Other Claims Allowed and Paid Item Number Description Amount $ $ $ $ $ Final Account and Attachments PRO913 St ate ENG 6/20 w w w .mncourts.gov/f orms Page 10 of 12 Item Number Description Amount TOTAL $ Interim Distributions to Devisees and Heirs Item Number Description Amount $ $ $ $ $ TOTAL $ Miscellaneous Decreases Item Number Description Amount $ $ $ $ $ TOTAL $ Use another sheet of paper if you need more room to write. Final Account and Attachments PRO913 St ate ENG 6/20 w w w .mncourts.gov/f orms Page 11 of 12 Attachment C: Assets on Hand for Distribution Personal Property on Hand for Distribution Item Number Description Value $ $ $ $ $ TOTAL $ Real Estate on Hand for Distribution Item Number Description Fair Market Value Homestead in _________________________ County Legal Description: $ Other real estate in _________________________ County Legal Description: $ Other real estate in _________________________ County Legal Description: $ TOTAL $ Use another sheet of paper if you need more room to write. Final Account and Attachments PRO913 St ate ENG 6/20 w w w .mncourts.gov/f orms Page 12 of 12 Attachment D: Claims Allowed and Not Paid Claims Allowed and Not Paid Item Number Description Amount $ $ $ $ $ TOTAL $ Use another sheet of paper if you need more room to write.