The personal representative may obtain a qualified and disinterested appraiser to assist him in ascertaining the fair market value as of the date of the decedent's death of any asset. Different persons may be employed to appraise different kinds of assets included in the estate. The names and addresses of any appraiser must be indicated on the inventory and appraisement or by supplemental inventory and appraisement with the item or items he appraised. On application of any interested person, the court may require that one or more qualified appraisers be appointed to ascertain the fair market value of all or any part of the estate or may approve one or more qualified appraisers.
HISTORY: 1986 Act No. 539, Section 1; 1990 Act No. 521, Section 48; 2013 Act No. 100, Section 1, eff January 1, 2014.
Effect of Amendment
The 2013 amendment, in the first sentence, deleted "the value of which may be subject to reasonable doubt" from the end; in the third sentence, inserted "and appraisement or by supplemental inventory and appraisement"; deleted the prior fourth sentence, relating to execution of the inventory; and in the fourth sentence substituted "On application" for "on motion".