Rule 1B-501 - Inventories and accountingsInventories and accountings are required to be prepared in the probate of an estate, but are not required to be filed with the probate court.
A.Inventories. An inventory of the estate shall be prepared within ninety (90) days of the appointment of the personal representative and must be provided to all interested people who request it. The inventory must contain the following: (1) a list of the items owned by the decedent in reasonable detail;(2) the estimated value of each item on the date of death of the decedent; and(3) the type and amount of any debt owed by the decedent.B.Accountings. Accountings shall contain sufficient information to place the interested parties on notice as to all significant transactions affecting administration during the accounting period. The accounting must contain the following: (1) the receipts and disbursements for the period covered by the accounting, with reasonable detail;(2) the assets remaining at the end of the period; and(3) a description of all significant transactions affecting administration during the accounting period.C.Objections. If objections are made to an inventory or an accounting, the probate court shall transfer the case to the district court for final determination and closing under Rule 1B-701 NMRA, unless the objections may be resolved by the probate court without an evidentiary hearing.Approved by Supreme Court Order No. 18-8300-014, effective for all cases pending or filed on or after12/31/2018.