§ 1052 - Appraisers - Vermont Statutes

§ 1052. Appraisers

(a) The executor or administrator may employ a qualified and disinterested appraiser to assist in ascertaining the fair market value as of the date of the decedent's death of any assets the value of which may be subject to reasonable doubt. Different persons may be employed to appraise different kinds of assets included in the estate. The names and addresses of any appraiser shall be indicated on the inventory with the item or items appraised.

(b) If any property not included in the original inventory comes to the knowledge of an executor or administrator or if an executor or administrator learns that the value or description indicated in the original inventory for any item is erroneous or misleading, a supplementary inventory or appraisal shall be made showing the market value as of the date of the decedent's death of the new item or the revised market value or descriptions, and the appraisals or other data relied upon, if any, and file it with the court and serve copies of it as provided by the rules of probate procedure.

(c) Upon motion filed within 30 days of the filing of an inventory under section 1051 of this title or under subsection (b) of this section, by any creditor having a claim of more than $500.00, or by any heir, devisee or legatee entitled to property or cash of value of more than $500.00, on distribution of the estate, the court, after hearing, may appoint one or more special appraisers to reappraise any item of property reported in the inventory or supplementary inventory, or to appraise any property omitted from any inventory. (Amended 1975, No. 240 (Adj. Sess.), § 3; 1985, No. 144 (Adj. Sess.), § 54.)