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Appraisers

Superintendence Rule 61 allows a fiduciary to hire an appraiser and leaves it to the parties to set a reasonable fee. The rule makes it discretionary with the fiduciary as to when an appraiser is needed, suggesting that property with special and unusual characteristics would be an appropriate situation to engage an appraiser.

In Hamilton County Probate Court, Local Rule 61.1 expounds on the Superintendence Rule for the appraisement of property. Local Rule 61.1 explains who can and who cannot be an appraiser. It also requires that real estate appraisals be made by licensed real estate appraisers or by individuals with appropriate professional experience and training. Unlike some other probate courts, the Hamilton County Probate Court does not maintain a list of appraisers for real estate, except as provided below. An appraisal for household goods and personal effects is required whenever the aggregate value exceeds $2,000.