Get Texas Divorce Inventory And Appraisement Form

An estate asset is property that was owned by the deceased at the time of death. Examples include bank accounts, investments, retirement savings, real estate, artwork, jewellery, a business, a corporation, household furnishings, vehicles, computers, smartphones, and any debts owed to the deceased.

What is an inventory and appraisement? An inventory and appraisement is a list of all real and personal property as well as debts and liabilities claimed by each spouse. This list will include separate property, community property, and debts that you and your spouse have.

The Inventory must include all estate real property located in Texas and all estate personal property regardless of where the property is located. And it must specify which portion of the property, if any, is separate property and which, if any, is community property.

The Inventory contains a listing of the decedent's real property located in the state of Texas. It also includes a listing of the decedent's personal property, both tangible and intangible, wherever it is located if the Decedent was a resident of the state of Texas.

Texas Is A Community Property State In Texas Family Code Sec. 3.002, it states that everything you acquire during your marriage – money earned, real estate purchased, and any other property obtained– is considered to belong equally to both spouses and will be divided by the Court.

Yes, an inventory is required for probate in Texas. Under Texas law, the personal representative (also known as the executor) of an estate is required to file an inventory of the decedent's assets with the probate court within 90 days of being appointed.

Initial Divorce Forms The website TexasLawHelp.org is great place to find family law forms. Approved by the Supreme Court of Texas for use in agreed, uncontested divorces that do not involve children or real property. TexasLawHelp.org has created a toolkit for divorces where the family does not have minor children.

Inventory values are used to determine the number of probate court fees. They also form the new cost-basis for probate assets passed onto the decedent's heirs. This is why you need to ensure the individual named as a personal representative in your will is responsible and capable of complying with the law.