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Home→Tools→Personal Property Value Estimator→Minnesota

What Are My Personal Items Worth for Probate in Minnesota?

Estimate the fair market value of household items for probate in Minnesota. See how reporting accurate values instead of purchase prices affects your probate fees.

Frequently Asked Questions

Personal property in Minnesota is valued at fair market value — what the item would sell for on the open market, not the original purchase price.Minn. Stat. § 524.3-1201 (small estate $75,000 / 30-day wait / personal property only), § 524.3-803 & § 524.3-801 (4-mo creditor claims; publication once weekly for two weeks), § 524.3-603 (bond), § 524.3-719 (executor compensation), § 524.3-720 (attorney fees), § 524.3-301 (informal probate), § 357.021 subd. 2(1) ($310 filing fee)Verified May 31, 2026 Most household items (furniture, electronics, clothing) lose 50-90% of their value. Professional appraisals are used for art, collectibles, jewelry, and other high-value items.

Yes. Minnesota probate fees are typically 2-4% of the estate value, which includes personal property.Minn. Stat. § 524.3-1201 (small estate $75,000 / 30-day wait / personal property only), § 524.3-803 & § 524.3-801 (4-mo creditor claims; publication once weekly for two weeks), § 524.3-603 (bond), § 524.3-719 (executor compensation), § 524.3-720 (attorney fees), § 524.3-301 (informal probate), § 357.021 subd. 2(1) ($310 filing fee)Verified May 31, 2026 Accurate fair market valuations — rather than purchase prices — keep the reported estate value lower. Use the Minnesota probate calculator to estimate total costs.

Estates with personal property under $75,000 in Minnesota may qualify for Affidavit for Collection of Personal Property, which avoids full probate.Minn. Stat. § 524.3-1201 (small estate $75,000 / 30-day wait / personal property only), § 524.3-803 & § 524.3-801 (4-mo creditor claims; publication once weekly for two weeks), § 524.3-603 (bond), § 524.3-719 (executor compensation), § 524.3-720 (attorney fees), § 524.3-301 (informal probate), § 357.021 subd. 2(1) ($310 filing fee)Verified May 31, 2026 Accurate valuation at fair market value can determine whether the estate falls below this threshold. Check eligibility with the Minnesota probate need checker.

High-value items such as art, antiques, jewelry, and collectibles typically require professional appraisals. For typical household items — furniture, electronics, appliances, clothing — fair market value can be estimated using comparable sales data. Minnesota probate courts require the executor to file an inventory with values for all personal property.Minn. Stat. § 524.3-1201 (small estate $75,000 / 30-day wait / personal property only), § 524.3-803 & § 524.3-801 (4-mo creditor claims; publication once weekly for two weeks), § 524.3-603 (bond), § 524.3-719 (executor compensation), § 524.3-720 (attorney fees), § 524.3-301 (informal probate), § 357.021 subd. 2(1) ($310 filing fee)Verified May 31, 2026

Total probate costs in Minnesota include attorney fees, executor fees, court filing fees, and publication costs. Personal property value is one component of the gross estate that determines fee calculations. The Minnesota probate calculator provides a complete cost breakdown.

Not necessarily. Items with named beneficiaries (life insurance, retirement accounts), jointly held property, and assets in a trust bypass probate. Only personal property owned solely by the deceased passes through probate in Minnesota. The Minnesota probate need checker determines which assets require probate.

Personal Property Valuation in Minnesota

Probate attorney fees in Minnesota typically range from 2%Minn. Stat. § 524.3-720 (reasonable compensation; no statutory percentage)Verified May 31, 2026 to 4%Minn. Stat. § 524.3-720 (reasonable compensation; no statutory percentage)Verified May 31, 2026 of the estate value. Personal property is part of that calculation, so reporting items at fair market value rather than original cost keeps the total lower.

Minnesota allows simplified procedures for estates under $75,000Minn. Stat. § 524.3-1201Verified May 31, 2026. Fair market valuations of household items — which are typically far below purchase prices — can bring an estate under the threshold. The Minnesota probate need checker evaluates eligibility.

Court filing fees in Minnesota start at $310Minn. Stat. § 357.021, subd. 2(1); 2025 Minn. Laws c. 35, art. 1, § 20Verified May 31, 2026. Combined with attorney fees, executor compensation, and publication costs, total probate expenses depend heavily on the reported estate value. The Minnesota probate calculator provides a complete cost breakdown.

SimplyTrustSimplyTrust Editorial·Updated May 31, 2026

Legal Sources

  • Minn. Stat. § 357.021, subd. 2(1); 2025 Minn. Laws c. 35, art. 1, § 20
  • Minn. Stat. § 524.3-1201
  • Minn. Stat. § 524.3-720 (reasonable compensation; no statutory percentage)

Data sourced from Minnesota statutes and official state code. How we research.

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Minnesota Estate Planning Resources

In-depth guides covering Minnesota probate laws, trust requirements, and estate planning strategies.

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Build your property inventory

Click categories on the left to add items. Name each item, pick a type, and enter what you paid.

These estimates are based on general resale market data and insurance industry depreciation guides. They are approximations, not professional appraisals. Fair market value is what a willing buyer would pay on the open market. For high-value items or contested estates, consult a certified appraiser.

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