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ESTATES CODE CHAPTER 309. INVENTORY, APPRAISEMENT, AND LIST OF CLAIMSESTATES CODETITLE 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEYSUBTITLE INITIAL APPOINTMENT OF PERSONAL REPRESENTATIVE AND OPENING OF ADMINISTRATIONCHAPTER 309.
INVENTORY, APPRAISEMENT, AND LIST OF CLAIMSSUBCHAPTER APPRAISERSSec. 309.001. APPOINTMENT OF APPRAISERS. (a) At any time after letters testamentary or of administration are granted, the court, for good cause, on the court's own motion or on the motion of an interested person shall appoint at least one but not more than three disinterested persons who are residents of inventory appraisement and list of claims texas example county in which the letters were granted to appraise the estate property.(b) If the court makes an appointment under Subsection (a) and part of the estate is located in a county other than the county in which the letters were granted, the court, if the court considers necessary, may appoint at least one but not more than three disinterested persons who are residents of the county in which the relevant part of the estate is located to appraise the estate property located in that county.Added by Acts 2009, 81st Leg., R.S., Ch.
680 (H.B. 2502), Sec. 1, eff. January 1, 2014.Amended by:Acts 2015, 84th Leg., R.S., Ch. 949 (S.B. 995), Sec. 32, eff. September 1, 2015.Sec. 309.002. APPRAISERS' FEES. An appraiser appointed by the court as herein authorized is entitled to receive compensation, payable out of the estate, of at least $5 for each day the appraiser actually serves in performing the appraiser's duties.Added by Acts 2009, 81st Leg., R.S., Ch.
680 (H.B. 2502), Sec. 1, eff. January 1, 2014.Sec. 309.003. FAILURE OR REFUSAL TO ACT BY APPRAISERS. If an appraiser appointed under Section 309.001 fails or refuses to act, the court by one or more similar orders shall remove the appraiser and appoint one or more other appraisers, as the case requires.Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.SUBCHAPTER REQUIREMENTS FOR INVENTORY, APPRAISEMENT, AND LIST OF CLAIMS; AFFIDAVIT IN LIEU OF INVENTORY, APPRAISEMENT, AND LIST OF CLAIMSSec.
309.051. INVENTORY AND APPRAISEMENT. (a) Except as provided by Subsection (c) or Section 309.056 or unless a longer period is granted by the court, before the 91st day after the date the personal representative qualifies, the representative shall prepare and file with the court clerk a single written instrument that contains a verified, full, and detailed inventory of all estate property that has come into the representative's possession or of which the representative has knowledge.
The inventory must:(1) include:(A) all estate real property located in this state; and(B) all estate personal property regardless of where the property is located; and(2) specify which portion of the property, if any, is separate property and which, if any, is community property.(b) The personal representative shall:(1) set out in the inventory the representative's appraisement of the fair market value on the date of the decedent's death of each item in the inventory; or(2) if the court has appointed one or more appraisers for the estate:(A) determine the fair market value of each item in the inventory with the assistance of the appraiser or appraisers; and(B) set out that appraisement in the inventory.(c) The court for good cause shown may require the personal representative to file the inventory and appraisement within a shorter period than the period prescribed by Subsection (a).(d) The inventory, when approved by the court and filed with the court clerk, is for all purposes the inventory and appraisement of the estate referred to in this title.Added by Acts 2009, 81st Leg., R.S., Ch.
680 (H.B. 2502), Sec. 1, eff. January 1, 2014.Amended by:Acts 2011, 82nd Leg., R.S., Ch. 91 (S.B. 1303), Sec. 8.014, eff. January 1, 2014.Acts 2011, 82nd Leg., R.S., Ch. 1338 (S.B. 1198), Sec. 2.40, eff. January 1, 2014.Acts 2013, 83rd Leg., R.S., Ch. 1136 (H.B. 2912), Sec. 40, eff. January 1, 2014.Sec. 309.052. LIST OF CLAIMS. A complete list of claims due or owing to the estate must be attached to the inventory and appraisement required by Section 309.051.
The list of claims must state:(1) the name and, if known, address of each person indebted to the estate; and(2) regarding each claim:(A) the nature of the debt, whether by note, bill, bond, or other written obligation, or by account or verbal contract;(B) the date the debt was incurred;(C) the date the inventory appraisement and list of claims texas example was or is due;(D) the amount of the claim, the rate of interest on the claim, inventory appraisement and list of claims texas example the period for which the claim bears interest; and(E) whether the claim is separate property or community property.Added by Acts 2009, 81st Leg., R.S., Ch.
680 (H.B. 2502), Sec. 1, eff. January 1, 2014.Amended by:Acts 2011, 82nd Leg., R.S., Ch. 1338 (S.B. 1198), Sec. 2.41, eff. January 1, 2014.Sec. 309.053. AFFIDAVIT OF PERSONAL REPRESENTATIVE. The personal representative shall attach to the inventory, appraisement, and list of claims the r
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