59-1201. Inventory and valuation. - Kansas Statutes

59-1201

Chapter 59.--PROBATE CODE Article 12.--INVENTORY AND APPRAISEMENT

      59-1201.   Inventory and valuation.Within 30 days after the date of a personal representative's letters ofappointment, unless a longer time has been granted by the court,the personalrepresentative shall make an inventory stating opposite each item containedin the inventory the full and fair value as of the date of death of thedecedent, verified by the personal representative'saffidavit, of all real estate and tangiblepersonal property owned by the decedent or conservatee and located in thestate of Kansas and of all intangible property owned by the decedent orconservatee wherever located which comes to thepersonal representative'spossession or knowledge. Such property shall be classified therein asfollows:

      (a)   Real estate, with plat or survey description;

      (b)   furniture, household goods, and wearing apparel;

      (c)   corporation stocks, described by certificate numbers;

      (d)   bonds, mortgages, notes and other written evidence of debt,described by name of debtor, recording data, and other identification; and

      (e)   all other personal property accurately identified.

      If the decedentwas a member of a partnership, the inventory and valuation shall contain aseparate inventory and valuation of the whole of the partnership estate andof the decedent's proportional share therein.

      The court, for good cause shown, may require an earlier inventory andvaluation of any estate.

      History:   L. 1939, ch. 180, § 88; L. 1951, ch. 336, § 1; L. 1957,ch. 321, §3; L. 1965, ch. 346, § 10; L. 1975, ch. 299, §7;L. 1985, ch. 191, § 15; July 1.