Section 3-706 Duty of personal representative; inventory and appraisement - Massachusetts Statutes

[Text of section added by 2008, 521, Sec. 9 effective July 1, 2011. See 2008, 521, Sec. 44.]

Section 3-706. [Duty of Personal Representative; Inventory and Appraisement.]

Within 3 months after appointment, a personal representative, who is not a successor to another representative who has previously discharged this duty, shall prepare an inventory of property owned by the decedent at the time of death, listing it with reasonable detail, and indicating as to each listed item, its fair market value as of the date of the decedent’s death, and the type and amount of any encumbrance that may exist with reference to any item.

The personal representative shall file with the court or mail to all interested persons whose addresses are reasonably available a copy of the inventory. The personal representative may also file the original of the inventory with the court.