Computation Of Attorney Fees Form Page 23
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60Adopted: 2/1/05
Revised: 8/1/14
LOCAL RULE 61.1
APPRAISERS
(A)
Upon application by a fiduciary, the Court may appoint a suitable, disinterested appraiser.
The Court maintains a list of approved appraisers from which the fiduciary shall request
an appraiser, unless the fiduciary requests and the Court approves a special appraiser.
(B)
Unless there is a dispute or an appraisal is required for other purposes, an appraisal by a
Court appointed appraiser shall not be necessary in the following situations:
(1)
The fiduciary may use the fair market value of real property, as valued by the
County Auditor for real estate tax purposes, in lieu of such appraisal. A copy of the
Auditor’s valuation shall be submitted as proof of value.
(2)
The fiduciary may use the average trade-in value from any recognized valuation
guide for motor vehicles in lieu of such appraisal. A copy of the evaluation shall be
submitted as proof of value.
(3)
The fiduciary may provide an estimate of the fair market value of household
goods, excluding jewelry, stamp collections, artwork and antiques, in lieu of such
appraisal, unless the estimated value exceeds $5,000.00.
(C)
Without application to the Court, the fiduciary may compensate the appraiser for his or
her services in a reasonable agreed amount or in an amount computed on the gross value
of the assets appraised in the estate, as set forth in the inventory, at a rate of $1.00 per
thousand dollars of value with a minimum fee of $100.00. Fees for appraisals shall be
computed on the full value of the property appraised even though the decedent’s interest
may be fractional.
(D)
If the fiduciary and the appraiser cannot agree upon the amount of the appraiser’s
compensation and the schedule set forth in Division C of this Rule is not used, the
fiduciary shall file an application for allowance of compensation for the appraiser.
Otherwise, an order of the Court is necessary before appraisal fees may be paid and credit
taken for payment in the next accounting.
(E)
An appraiser or broker shall not directly or indirectly purchase, acquire or negotiate the
purchase or sale of any property that he or she appraises.
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