Key facts: Minnesota requires formal probate administration for estates exceeding $50,000 in value; executors must be appointed by the probate court and obtain Letters Testamentary before acting; the mandatory 30-day waiting period applies before creditors' distributions can occur; executors bear personal liability for premature or improper distributions; all actions must comply with the Minnesota Statutory Probate Rules Code; executors must provide formal accounting to the court and interested parties throughout administration.