Estate Planning in Minnesota

Minnesota has a state estate tax with a $3 million exemption and rates from 13% to 16%. Simple wills cost $450-$1,000, comprehensive plans $2,000-$5,000. Minnesota adopted the Uniform Probate Code, streamlining administration. Informal probate is available for non-contested estates. Small estates under $75,000 in personal property qualify for collection by affidavit. Minnesota recognizes Transfer on Death deeds. The state's estate tax makes trust-based planning important for many middle-class families given rising real estate values.