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Print Form 2603 Inventory Clear Form (12/5/13) CCP 0334 IN THE CIRCUIT COURT OF COOK COUNTY, ILLINOIS COUNTY DEPARTMENT, PROBATE DIVISION Estate of No. (if a minor, use initials only) INVENTORY ,.

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How to fill out the Probate Estate Inventory Form online

Filling out the Probate Estate Inventory Form online is a critical step in managing an estate. This guide provides a clear and supportive approach to help you complete the form accurately and efficiently.

Follow the steps to complete the Probate Estate Inventory Form online.

  1. Click ‘Get Form’ button to access the Probate Estate Inventory Form and open it in your preferred editor.
  2. Identify the decedent or minor’s initials in the designated field. Use initials only if it pertains to a minor.
  3. Select the appropriate checkbox to indicate if this is an amended or supplemental inventory.
  4. Fill in the item number and description for each asset or property. If you need more space, attach additional sheets as required.
  5. Input the approximate value of the personal estate as of the date of issuance of letters in the specified field.
  6. Provide the estimated annual income from real estate in the designated section.
  7. Ensure that the bond of the individual representative meets the requirements as outlined in 755 ILCS 5/12-5.
  8. Complete the attorney information section, including attorney number, name, firm name, and address.
  9. Sign and date the representative’s section to affirm the accuracy of the information submitted.
  10. Enter your city, state, zip code, and telephone number.
  11. Once all fields are accurately filled, save your changes, and then download or print the form for submission.

Start filling out your Probate Estate Inventory Form online today.

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Determine Your State's Laws Regarding Inventory Forms. ... Review the Instructions Provided. ... Identify Real Property. ... Identify Personal Property. ... Identify Bank Accounts. ... Identify Retirement Accounts. ... Identify Non-Probate Assets. ... File the Form With the Court.

Add up the total value of all the assets and non-tax exempt gifts to get the gross value of the Estate. Then, add up the total value of the outstanding debts. Then, deduct the total value of the debts from the gross value of the Estate to get the net value of the Estate.

Personal possessions. Household items go through probate, along with clothing, jewelry, and collections. The inventory should include the decedent's personal belongings that remain after death.

As noted above, the estate inventory lists all real and personal property of the decedent at date-of-death values. ... After identifying this property, you then have to value it. Generally, you can value the items without an appraisal.

The original documents should be stored in a safe place until they can be given to the estate attorney. This inventory will also include information about the decedent's debts, such as utility bills, credit card bills, mortgages, personal loans, medical bills, and the funeral bill.

These assets might include health savings or medical savings accounts, life estates in property, life insurance policies, retirement accounts including IRAs and 401(k)s, and annuities.

The probate court will require the executor of an estate to file an inventory of all the decedent's assets. Preparing this probate inventory should be the executor's next step after finding the assets and valuing them. ... Your court probably has a deadline for filing the inventory.

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