Montana: Estate Inventory and Appraisement Requirements

verified against the statute 2026-08-10 4 statute sources

The short answer

Within nine months after appointment, a Montana personal representative generally must prepare an inventory of the decedent's probate property, with reasonable detail, death-date fair market value of the decedent's interest, and each encumbrance. The representative may privately send requested copies to a limited recipient group or file the original and send copies to requesting interested persons; doubtful values may use a qualified disinterested appraiser, and later property or misleading entries require a supplement.

Ask Ezel about your situation

This is the general rule in Montana. Ask about your specific facts and see which parts of current Montana law apply, with citations to the statutes.

Governing law and administration typeMontana UPC inventory/appraisal under MCA §§ 72-3-607 and 72-3-609; special administrator and already-discharged successor exceptions; separate nonprobate/elective-share lists excluded
Who prepares, signs, and verifiesPersonal representative prepares; §§ 72-3-607 and -609 prescribe no representative/appraiser signature, verification, oath, or notarization; appraiser name/address appears by item
Deadline, trigger, and extensionWithin 9 months after appointment; no extension standard stated; special administrator excluded and successor excluded if predecessor discharged duty; supplement has no stated clock (§§ 72-3-607(1), -609)
Court filing or private deliveryEither send requested private copies or file original and send requested copies; written waiver delivered to PR counts as sent; supplement follows original route (§§ 72-3-607(3)-(4), -609)
Property scope, exclusions, and encumbrancesProbate property owned at death, in reasonable detail; FMV of decedent's interest in every item and type/amount of each encumbrance; nonprobate property belongs to separate list (§ 72-3-607)
Valuation date and methodFair market value of decedent's interest in every item as of death; supplement gives new/revised item's death-date market value or revised description and supporting appraiser/data (§§ 72-3-607(1)-(2), -609)
Appraiser requirement and qualificationsOptional qualified disinterested appraiser for an asset whose value may be reasonably doubtful; different appraisers by asset kind; name/address with item (§ 72-3-607(2))
Recipients, confidentiality, and accessPrivate branch: requesting heirs, devisees, allowed unsatisfied-claim creditors; filed branch: requesting interested persons; written waiver allowed; no inventory-specific confidentiality rule (§ 72-3-607(3)-(4))
Correction, supplementation, and noncomplianceLater property or erroneous/misleading value/description requires supplement; filed if original filed, otherwise furnished to persons interested in new information; duty failure may support removal (§§ 72-3-609, 72-3-526)

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Requirements one by one

Nine months leads to two different copy routes

Mont. Code Ann. § 72-3-607(1)-(4) gives the personal representative nine months
after appointment to prepare the inventory. A special administrator is excluded,
and a successor is excluded if the prior representative already discharged the
duty. The section states no extension standard.

Without filing, requested copies go to heirs, devisees, and creditors whose
allowed claims remain unsatisfied. The alternative is filing the original and
sending copies to any interested persons who request them. A recipient may
waive a copy by a written waiver delivered to the representative; the private
branch then treats the copy as sent.

The ordinary inventory is limited to probate property

The inventory covers probate property the decedent owned at death, in reasonable
detail. Each item shows its death-date fair market value, the value of the
decedent's interest, and the type and amount of any encumbrance.

Mont. Code Ann. § 72-3-607(5)-(6) separately authorizes an all-property list and requires a
probate-and-nonprobate list after a timely demand by a surviving spouse with an
unexpired elective-share right. Those lists identify nonprobate transferees and
serve different purposes; they are not the ordinary probate-property inventory
covered by this survey.

Sections 72-3-607 and 72-3-609 prescribe no representative signature,
verification, oath, notarization, or appraiser certificate. They also state no
inventory-specific sealing or confidentiality rule.

Appraisal is optional for doubtful values

Under § 72-3-607(2), the representative may employ a qualified and disinterested
appraiser when an asset's value may be subject to reasonable doubt. Different
people may appraise different kinds of assets. The inventory identifies each
appraiser by name and address with the appraised item or items.

The section does not require appraisal by asset category or prescribe an
appraiser oath, signature, certificate, or separate deadline.

A supplement follows the original inventory's route

Mont. Code Ann. § 72-3-609 requires a supplemental inventory or appraisal when
new property becomes known or an original value or description proves erroneous
or misleading. It gives the new or revised item's market value as of death or
revised description and the appraisers or other data relied on, if any.

If the original was filed, the supplement is filed. Otherwise, copies or
information go to persons interested in the new information. Section 72-3-609
states no separate correction deadline.

Failure to perform a duty of office may support removal for cause under Mont.
Code Ann. § 72-3-526(2), but removal is not automatic; an interested person
petitions and the court determines cause.

What trips people up

The private and filed recipient classes differ. The private branch names
requesting heirs, devisees, and allowed unsatisfied-claim creditors. Filing the
original opens the requested-copy duty to interested persons generally.

A written waiver is treated as delivery. The recipient signs and delivers
the waiver to the representative; it is not merely silence or a failure to ask.

Do not fold the elective-share list into the probate inventory. The spouse's
90-day demand list includes probate and nonprobate property, but the ordinary
inventory covers probate property and has a nine-month appointment clock.

Common questions

Must the Montana inventory be filed with the court?

No. The representative may use the private requested-copy branch instead.

Can an interested person waive the inventory copy?

Yes. Section 72-3-607(4) requires a written waiver delivered to the personal
representative.

Is an appraiser mandatory for real estate?

Not by category. An optional qualified, disinterested appraiser may assist when
the asset's value is reasonably doubtful.

Statutes and sources

  • Mont. Code Ann. § 72-3-607 — nine-month inventory, probate-property scope,
    death-date values, encumbrances, appraisers, copy routes, waivers, and separate
    all-property lists:
    https://mca.legmt.gov/bills/mca/title_0720/chapter_0030/part_0060/section_0070/0720-0030-0060-0070.html
    (accessed 2026-08-10).
  • Mont. Code Ann. § 72-3-609 — supplement triggers, contents, and conditional
    filing or delivery:
    https://mca.legmt.gov/bills/mca/title_0720/chapter_0030/part_0060/section_0090/0720-0030-0060-0090.html
    (accessed 2026-08-10).
  • Mont. Code Ann. § 72-3-526(2) — removal cause, including failure to perform
    a duty of office:
    https://mca.legmt.gov/bills/mca/title_0720/chapter_0030/part_0050/section_0260/0720-0030-0050-0260.html
    (accessed 2026-08-10).

Source links

Every statute quoted above, linked, with the date we checked it.

Mont. Code Ann. § 72-3-607(1)-(4) · accessed 2026-08-10
Mont. Code Ann. § 72-3-607(5)-(6) · accessed 2026-08-10
Mont. Code Ann. § 72-3-609 · accessed 2026-08-10
Mont. Code Ann. § 72-3-526(2) · accessed 2026-08-10
This page is general legal information about state-law probate inventory and appraisal duties, not legal, tax, valuation, fiduciary, creditor, litigation, or financial advice about a particular estate or asset. The correct deadline, court or private-delivery route, property scope, ownership description, valuation date, appraiser, confidentiality rule, recipient list, correction, and remedy can depend on domicile, administration type, the will, letters, property location and character, encumbrances, later-discovered assets, and court orders. An inventory value is not necessarily tax basis or sale value, and filing may expose or restrict sensitive financial information. Verified against the cited official sources on the date shown; obtain prompt advice from a licensed probate attorney, qualified valuation professional, and the current court rules before preparing, signing, filing, delivering, amending, or relying on an estate inventory or appraisal.

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