If you die without a will and having heirs in addition to or other than a spouse, then their share is determined by reference to Section 524.2-103 . Cash is deposited by the Treasurer in the General Fund. All personal property is sold and the cash is added to the General Fund. Real Property is either sold, and the proceeds deposited in the General Fund, or is managed by the applicable State agency and becomes a part of the assets of the State. See M.S., Sec.
Escheated property is deemed to be included in the language in bold print.
M.S. 7.09 See previous paragraph. Escheated property must be sold to the highest bidder in the manner and upon terms and conditions prescribed by the board. If the state board elects to sell escheated property, all money received from the sale shall be credited to the general fund of the state. There has been one instance of property escheating to the State since the late 1980's. With continued advances in communication and more extensive recordkeeping, the likelihood of someone dying having assets but with NO heirs who can be found becomes more and more remote.