(A) Without special application to the court, a fiduciary may allow to the appraiser as compensation for services a reasonable amount agreed upon between the fiduciary and the appraiser, provided the compensation does not exceed the amount allowed by local court rule. If no local court rule exists, the compensation shall be subject to court approval.
(B) If, by reason of the special and unusual character of the property to be appraised, the fiduciary is of the opinion that the appraisal requires the services of persons qualified in the evaluation of that property, a qualified appraiser may be appointed and allowed compensation as provided in division (A) of this rule.
B.C.L.R. 61.1 INVENTORY AND APPRAISAL (ESTATES)
(A) Within three months after the date of the fiduciary’s appointment, the fiduciary shall file with the Probate Court an Inventory and Appraisal (Standard Probate Form 6.0) with an attached Schedule of Assets (Standard Probate Form 6.1), unless the Court grants an extension of time.
(B) The street address, auditor’s parcel number, and legal description of all decedent’s real property located in Ohio shall be set forth on the Schedule of Assets (Standard Probate Form 6.1).
(C) Counsel for the estate shall examine record title to each parcel of real property in the estate from the time it was acquired by the decedent.
(D) Each item of personal property set forth on the Schedule of Assets (Standard Probate Form 6.1) shall be identified as being tangible personal property or intangible personal property.
(E) Unless otherwise ordered by the Court, in estates wherein the fiduciary determines, in good faith, that the total fair market value of all the decedent’s household goods and furniture is less than $6,000.00, the decedent’s household goods and furniture may be considered assets the value of which is readily ascertainable, and which need not be appraised. In the event that an interested party objects to any such determination and files an exception to the inventory pursuant to R.C. §2115.16, the fiduciary shall obtain a formal appraisal of decedent’s household goods and furniture prior to the hearing on such exception.
(F) Motor vehicles, the value of which is listed in published compilations of motor vehicle values generally used and relied upon by the public or by persons in the motor vehicle sales industry, may be considered assets, the value of which is readily ascertainable, and which need not be appraised.
(G) The name and address of appraisers shall be typed or printed underneath each appraiser’s signature on the Appraiser’s Certificate portion of Standard Probate Form 6.0. In lieu of the appraiser’s signature on Standard Probate Form 6.0, a copy of the actual appraisal, signed by the appraiser, may be attached to the Standard Probate Form 6.0.
(H) Upon the filing of an inventory as required by R.C. §2115.02, the fiduciary may serve notice of the hearing pursuant to Civ. R. 73 upon the surviving spouse, children, next of kin, and any beneficiary named under the will, as well as any attorneys who represent the same, unless such notice is waived.
(I) The court shall maintain a list of persons who the court has pre-approved as suitable and disinterested appraisers. A person may make application to have his/her name added to the list or the application may be proposed on his/her behalf. Such application should set forth his/her qualifications. If the court determines that the applicant is qualified, his/her name may be added to such list as the court periodically updates its list. In any proceeding in which the fiduciary or attorney desires an appraiser for that one proceeding only who is not on the approved list, the attorney or fiduciary may make application, which may be in letter form, for the appointment of such person in that proceeding only. Such application should set forth the reasons for such appointment and the qualifications of the proposed appraiser.