Account for all assets in the estate and file inventory of assets with the court.

This means compiling a list of real estate, personal property, bank accounts and debts as line items with a detailed description of each item and its fair market value.

Contact the court to obtain the name and title of the required probate inventory form.
- Have a copy mailed to you, pick it up at the court, or download a copy from the court’s website.
- Forms vary by state.
Read the form instructions and review the sections of the form.
List all real property assets, including both in-state and out-of-state properties.
- Obtain copies of the deeds.
- Provide a description for the real estate, with its physical address.
- List the market value of the property, based on the most recent assessment by the tax assessor. An appraisal may be needed.
List all personal property assets.
- Create subcategories of personal property, such as expensive jewelry and recreational vehicles.
- List items with a complete description and fair market value.
List all bank accounts.
- Include the name of the bank, bank account number, all names listed on the account and actual cash value.
- List outstanding checks separately, under debt.
List any retirement accounts, 401K or IRAs.
- Include the names of beneficiaries.
- Obtain divorce settlement documents to see if any funds must be paid to former spouses.
List all other debts.
- Examples: credit card debts, past-due medical bills, unpaid invoices and personal loans, funeral.
- Include outstanding checks in this section.
List all non-probate assets on a separate reference sheet.
- These will be distributed according to prior contractual agreements.
- Include living trusts, life insurance policies with named beneficiaries and investment accounts that transferred on death
Ascertain appraisal value of all cash and non-cash probate assets. Non-cash items may require professional appraisals.
File the completed probate inventory form with the state probate court, within the legal time limit. Include:
- Cash assets appraised by the estate representative
- Non-cash assets to be appraised by a court-appointed representative, if necessary

legal, settling affairsJennifer GoodOctober 2, 2019probate, medical and legal, financial and propertyComment

Account for all assets in the estate and file inventory of assets with the court.

This means compiling a list of real estate, personal property, bank accounts and debts as line items with a detailed description of each item and its fair market value.

Contact the court to obtain the name and title of the required probate inventory form.

Have a copy mailed to you, pick it up at the court, or download a copy from the court’s website.

Forms vary by state.

Read the form instructions and review the sections of the form.

List all real property assets, including both in-state and out-of-state properties.

Obtain copies of the deeds.

Provide a description for the real estate, with its physical address.

List the market value of the property, based on the most recent assessment by the tax assessor. An appraisal may be needed.

List all personal property assets.

Create subcategories of personal property, such as expensive jewelry and recreational vehicles.

List items with a complete description and fair market value.

List all bank accounts.

Include the name of the bank, bank account number, all names listed on the account and actual cash value.

List outstanding checks separately, under debt.

List any retirement accounts, 401K or IRAs.

Include the names of beneficiaries.

Obtain divorce settlement documents to see if any funds must be paid to former spouses.

List all other debts.

Examples: credit card debts, past-due medical bills, unpaid invoices and personal loans, funeral.

Include outstanding checks in this section.

List all non-probate assets on a separate reference sheet.

These will be distributed according to prior contractual agreements.

Include living trusts, life insurance policies with named beneficiaries and investment accounts that transferred on death

Ascertain appraisal value of all cash and non-cash probate assets. Non-cash items may require professional appraisals.

File the completed probate inventory form with the state probate court, within the legal time limit. Include:

Cash assets appraised by the estate representative

Non-cash assets to be appraised by a court-appointed representative, if necessary

Peacefully