Inventory And Appraisement Form

An estate is everything comprising the net worth of an individual, including all land and real estate, possessions, financial securities, cash, and other assets that the individual owns or has a controlling interest in.

A probate inventory was taken shortly after an individual's death by two or more people, described as 'appraisers'.They also excluded debts owed by the deceased, although sometimes record debts owing to the deceased. Appraisers often identified goods by room, thus providing evidence of both rooms and room use.

An inventory and appraisal is a required filing in California probate. The inventory and appraisal is a single document that (1) inventories the property in the decedent's estate and (2) contains an appraisal of the property in the inventory. California Probate Code § 8800(a).

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.

Life insurance or 401(k) accounts where a beneficiary was named. Assets under a Living Trust. Funds, securities, or US savings bonds that are registered on transfer on death (TOD) or payable on death (POD) forms. Funds held in a pension plan.

In general, an estate inventory checklist will include financial assets that belonged to the deceased.The financial information must also include the deceased's debts, such as credit card bills, student loans, alimony, child support and medical bills.

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.

Real Estate, Bank Accounts, and Vehicles. Stocks and Bonds. Life Insurance and Retirement Plans. Wages and Business Interests. Intellectual Property. Debts and Judgments.