Sec. 3708.
If property not included in the original inventory comes to the knowledge of a personal representative or if the personal representative learns that the value or description indicated in the original inventory for an item is erroneous or misleading, the personal representative shall make a supplementary inventory or appraisal showing the market value as of the date of the decedent's death of the new item or the revised market value or description, and showing the appraiser or other data relied upon, if any. The personal representative shall furnish copies or information of the supplementary inventory to persons interested in the new information, and shall file it with the court if the original inventory was filed or submit the information contained in the supplemental inventory to the court for recalculation of the probate inventory fee.
History: 1998, Act 386, Eff. Apr. 1, 2000 Popular Name: EPIC
Structure Michigan Compiled Laws
Chapter 700 - Estates and Protected Individuals Code
Act 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)
Article III - Probate of Wills and Administration (700.3101...700.3988)
386-1998-III-7 - Part 7 Duties and Powers of Personal Representatives (700.3701...700.3722)
Section 700.3701 - Powers and Duties of Personal Representative; Commencement; Accrual.
Section 700.3702 - Priority Among Different Letters.
Section 700.3704 - Personal Representative to Proceed Without Court Order; Exception.
Section 700.3705 - Appointment of Personal Representative; Notice Requirements.
Section 700.3706 - Duty of Personal Representative; Inventory and Appraisement.
Section 700.3707 - Employment of Appraiser.
Section 700.3708 - Duty of Personal Representative; Supplemental Inventory.
Section 700.3709 - Duty of Personal Representative; Possession of Estate.
Section 700.3710 - Power to Avoid Transfers.
Section 700.3711 - Powers of Personal Representatives Generally.
Section 700.3712 - Improper Exercise of Power; Breach of Fiduciary Duty.
Section 700.3714 - Persons Dealing With Personal Representative; Protection.
Section 700.3715 - Transactions Authorized for Personal Representatives.
Section 700.3716 - Powers and Duties of Successor Personal Representative.
Section 700.3717 - Corepresentatives; Concurrence.
Section 700.3718 - Powers of Surviving Personal Representative.
Section 700.3719 - Compensation of Personal Representative.
Section 700.3720 - Expenses in Estate Litigation.
Section 700.3722 - Authority Regarding Environmental Matters.