How quickly must an Oregon estate inventory be filed?
Within 90 days of the personal representative's appointment, under ORS 113.165. The inventory shows estimated fair market values as of the date of death and is filed in the circuit court handling the estate; property discovered later requires a supplemental inventory within 30 days.
Is a formal appraisal required for every asset in an Oregon estate?
No. ORS 113.185 lets the personal representative employ a qualified and disinterested appraiser for property whose value is subject to reasonable doubt, and allows the court to order appraisals by court-appointed appraisers. Any appraisal must be written and signed, with the appraiser paid a reasonable fee from the estate.
Do liens reduce asset values for Oregon's small estate affidavit?
No, and this catches people out. ORS 114.515 counts the full fair market value of each interest without subtracting liens or debts, so a $20,000 vehicle with a $15,000 loan still counts $20,000 toward the $75,000 personal property cap. The affidavit is available only when the whole estate is $275,000 or less.
Must a probate appraiser hold a state license in Oregon?
Not for personal property. Oregon's registration requirement (ORS 308.231) applies to real property appraisal; the probate statute asks only for a qualified and disinterested appraiser. What carries weight is subject-matter expertise and a signed, well-supported report the court and the Department of Revenue can rely on.