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(A) Within three (3) months after appointment, unless a longer time shall be granted by the Court, the personal representative shall make and verify by affidavit a true inventory and appraisement of all of the property of the estate passing under the will or by laws of intestacy and which shall have come to the personal representative’s possession or knowledge, including a statement of all encumbrances, liens, or other secured charges against any item. The personal representative shall determine the fair net value, as of the date of the decedent’s death, of each item contained in the inventory after deducting the encumbrances, liens, and other secured charges on the item. Such property shall be classified as follows:

(1) Real property, by legal description.

(2) Stocks and bonds.

(3) Mortgages, notes, and other written evidences of debt.

(4) Bank accounts and money.

(5) Furniture and household goods.

(6) All other personal property accurately identified, including the decedent’s nonprobate assets, and proportionate share in any partnership, but no inventory of the partnership property shall be required of the personal representative.

(B) The inventory and appraisement shall be filed with the Tribal Court and notice of its filing shall be served on any heir, legatee, devisee, unpaid creditor who has filed a claim, or beneficiary of a nonprobate asset.

(C) The personal representative shall have the duty to amend the inventory and appraisal within thirty (30) days of acquiring knowledge of any additional property of the estate. Notice of the amendment shall be served as notice of the original inventory was served. [Res. 06-R-53 § 8.0(J), 5/3/2006.]