This Inventory and Appraisement of Estate is an official form used by the Commonwealth of Kentucky, and it complies with all applicable state and Federal codes and statutes. USLF updates all state and Federal forms as is required by state and Federal statutes and law.
Kentucky Inventory and Appraisement of Estate
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FAQ
The first step in probating an estate is to locate all of the decedent's estate planning documents and other important papers, even before being appointed to serve as the personal representative or executor.
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).
When calculating the value of an estate, the gross value is the sum of all asset values, and the net value is the gross value minus any debts: in other words, the actual worth of the estate.
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.
When calculating the value of an estate, the gross value is the sum of all asset values, and the net value is the gross value minus any debts: in other words, the actual worth of the estate.
Your inventory should include the number of shares of each type of stock, the name of the corporation, and the name of the exchange on which the stock is traded. Meanwhile, you should note the total gross amount of a bond, the name of the entity that issued it, the interest rate on the bond, and its maturity date.
Find the will, if any. File the will with the local probate court. Notify agencies and business of the death. Inventory assets and get appraisals. Decide whether probate is necessary. Coordinate with the successor trustee. Communicate with beneficiaries. Take good care of estate assets.