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In simple terms, an estate inventory includes all of the assets of an estate belonging to someone who's passed away. The Inventory and Appraisal is a complete listing of the estate assets as of a particular date, usually the date of death.A property inventory is a written tally of all of a taxpayer's personal property. A detailed inventory will help an executor determine whether the estate qualifies for simplified probate procedures. Learn how to complete a personal property inventory of your church to determine adequate amounts of coverage and speed the claim process. List every item of value in your house. • Make sure to copy serial numbers of your personal items. A fiduciary for an estate may use this form to file an inventory of the estate assets. Complete and accurate inventory of all the assets of the estate and the fair market valuations as of. The ownership interest may be whole or fractional with others.