Rule 12.1(b) - Family Exemption(1)When Appraisal Unnecessary. Unless otherwise directed by the court, no appraisal shall be required if the exemption is claimed from: (a) cash or from stocks, bonds, securities, or choses in action which have an immediately determinable market value;(b) real estate or personal property, the value of which is agreed to by all parties in interest. In all other cases, an appraisal shall be necessary, unless specifically excused by the court.
(2)Procedure for Appraisal. If an appraisal is necessary, the court shall appoint two appraisers in accordance with Section 3123 of the Probate, Estates and Fiduciaries Code. After appointment, the appraisers shall submit to the court their appraisal within thirty (30) days of appointment. A copy of the appraisal shall also be served by the appraisers on the personal representative or if there is no personal representative, then as the court shall direct. Such person shall immediately give notice to all parties in interest who would be adversely affected by the allowance of the exemption. Interested parties shall have ten (10) days from the date of notice to file objections with the court. If objections are filed, the matter shall be referred to the court for further disposition.