§ 635.7

635.7 Report and inventory — value and conversion. 1. The personal representative is required to file the report and inventory for which provision is made in section 633.361, including all probate and nonprobate assets. Thischapter does not exempt the personal representative from complying with the requirementsof section 422.27, 450.22, 450.58, 633.480, or 633.481, and the administration of an estatewhether converted to or from a small estate shall be considered one proceeding pursuantto section 633.330. 2. The report and inventory shall separately specify which assets are probate assets subject to the jurisdiction of this state and clearly state their gross value and the sum thereof. 3. If the gross value of probate assets subject to the jurisdiction of this state exceeds the amount permitted for a small estate under section 635.1, the estate shall be administered asprovided in chapter 633. 4. If the report and inventory in an estate administered pursuant to chapter 633 separately specifies the gross value of the probate assets subject to the jurisdiction of this state does notexceed the amount permitted under section 635.1, the estate shall be administered as a smallestate upon

ecifies the gross value of the probate assets subject to the jurisdiction of this state does notexceed the amount permitted under section 635.1, the estate shall be administered as a smallestate upon the filing of a statement by the personal representative that the estate is a smallestate. 5. If the personal representative files a report to convert the estate administration to or from a small estate based on the gross value of probate assets subject to the jurisdiction ofthis state, the clerk shall make the conversion without an order of the court. 6. Other interested parties may apply to convert proceedings from a small estate to a regular estate or from a regular estate to a small estate which the court may grant only upongood cause shown. [C75, 77, 79, 81, §635.7; 81 Acts, ch 199, §8]89 Acts, ch 25, §3; 2003 Acts, ch 151, §57; 2004 Acts, ch 1120, §8; 2007 Acts, ch 134, §23, 28; 2012 Acts, ch 1123, §30; 2018 Acts, ch 1140, §4, 6, 9 2018 amendment applies July 1, 2018, to estates of decedents dying on or after July 1, 2018; 2018 Acts, ch 1140, §9 Sat Dec 23 12:18:02 2023 Iowa Code 2024, Section 635.7 (25, 0)