The personal representative may employ one or more qualified and disinterested appraisers to assist the personal representative in ascertaining the fair market value as of the date of the decedent's death of any asset the value of which may be subject to reasonable doubt. The name and address of any appraiser shall be indicated on the inventory with the item or items he appraised.
History: 1978 Comp., § 45-3-707, enacted by Laws 1995, ch. 210, § 36.
Effective dates. — Laws 1995, ch. 210, § 94 made the act effective July 1, 1995.
Structure New Mexico Statutes
Chapter 45 - Uniform Probate Code
Article 3 - Probate of Wills and Administration
Part 7 - DUTIES AND POWERS OF PERSONAL REPRESENTATIVES
Section 45-3-701 - Time of accrual of duties and powers.
Section 45-3-702 - Priority among different letters.
Section 45-3-704 - Personal representative to proceed without court order; exception.
Section 45-3-705 - Duty of personal representative; notice to heirs and devisees.
Section 45-3-706 - Duty of personal representative; inventory and appraisement.
Section 45-3-707 - Employment of appraisers.
Section 45-3-708 - Duty of personal representative; supplementary inventory.
Section 45-3-709 - Duty of personal representative; possession of estate.
Section 45-3-710 - Power to avoid transfers.
Section 45-3-711 - Powers of personal representatives; in general.
Section 45-3-712 - Improper exercise of power; breach of fiduciary duty.
Section 45-3-714 - Persons dealing with personal representative; protection.
Section 45-3-715 - Transactions authorized for personal representatives; exceptions.
Section 45-3-716 - Powers and duties of successor personal representative.
Section 45-3-717 - Co-representatives; when joint action required.
Section 45-3-718 - Powers of surviving personal representative.
Section 45-3-719 - Compensation for personal representatives.
Section 45-3-720 - Expenses in estate litigation.
Section 45-3-721 - Proceedings for review of employment and compensation.