Pennsylvania Inventory and Appeasement is a process used to determine the value of an individual’s estate after death. This process is legally required by the Commonwealth of Pennsylvania in order to determine the fair market value of a decedent’s assets for the purpose of taxation or for the distribution of assets to heirs. This process includes a thorough review of all tangible and intangible assets owned by the decedent. The inventory and appeasement process is conducted by a qualified appraiser, and all assets must be appraised at fair market value as of the date of the decedent’s death. There are two types of Pennsylvania Inventory and Appeasement: Formal Appeasement and Informal Appeasement. Formal Appeasement is used when the value of the estate exceeds $500,000 or when the assets are complex and require a greater level of detail. In this process the appraiser will provide a detailed inventory and valuation of all assets, including real estate, tangible personal property and intangible assets. Informal Appeasement is used when the estate is valued at less than $500,000 and the assets are of a less complex nature. This process includes a simpler inventory and valuation of the assets.