What does it mean to file the Inventory?

Table of Contents
< All Topics
Print

What does it mean to file the Inventory?

The PR is required to submit an “Inventory” to the probate court within 91 days of appointment. The Inventory lists all of the decedent’s probate assets, valued as of the date of death. At the time the inventory is submitted, an Inventory Fee is due. The Inventory Fee is based on a percentage of the value of the assets, and is usually between $100-1,000.

 

Note: The personal representative is responsible for the preparation of the inventory and service on all presumptive distributees and interested persons who request a copy within 91 days after the personal representative’s appointment. The property must be listed with reasonable detail along with its fair market value as of the date of death and the type and amount of any lien, mortgage or security interest.

Call Now ButtonCall Now