topic | inventory and appraise assets

Estate assets must be identified, located, and cared for by the executor.  A written inventory will help track and account for the assets until distribution.

Some states require a written inventory on court-approved forms and others require an inventory only if the estate goes through formal probate procedures.  All jurisdictions place a time limit on the inventory of estate assets.  Confirm this time limit with the probate office before beginning a formal inventory.