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.
|Step 1:||Identify and Locate Estate Assets|
|Step 2:||Inventory Assets, Details, and Probate Status|
|Step 3:||Seek Appraisals for Specified Assets|