Inventory of Estate Assets
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📄 What Is an Inventory of Estate Assets?
An Inventory of Estate Assets is a legal document prepared and filed by the personal representative (executor or administrator) that lists everything the deceased person owned at the time of death. It includes all real estate, personal property, financial accounts, and other valuable assets.
📋 Purpose of the Inventory
To give the probate court and beneficiaries a full accounting of the estate’s assets.
To establish the value of the estate for tax, distribution, and legal purposes.
To ensure that creditors are paid appropriately before distributions are made.
To provide a record in case of disputes or audits.