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Inventory of Decedent's Estate - Arkansas

Inventory of Decedent's Estate - Arkansas 2025

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Form 17 is an inventory document for a decedent's estate, requiring the personal representative to provide a complete and accurate list of all property owned by the deceased, including real estate, personal property, and intangible assets, along with their fair market values at the time of death. The form also includes sections for legal encumbrances and a summary of total estate value. It must be filed within two months after qualification, with specific guidelines on what to include or exclude.

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How do I make an inventory list for an estate?

An inventory of the deceased persons property is presented and a written deed is prepared at a meeting arranged for the purpose. The deed is a complete list of the decedents assets and debts left behind. In addition, the deed of estate inventory also contains information about all the inheritors.

How do I make an inventory list?

What to Include on Inventory Lists Name of the item. SKU (stock-keeping unit), serial number and/or barcode that identifies an item. Category and/or brief item description. Name of manufacturer or supplier. Unit cost. Sale price. Quantity in stock. Total value.

What is the inventory of a deceased estate?

What are Inventories? Inventories are detailed lists of the personal estate belonging to the deceased so do not include any real estate (land and property). They are often arranged room-by-room.

How to make an inventory list for probate?

How To Take Inventory of an Estate Identify the Assets. The first step involves listing all the assets that are part of the individuals estate. Note Details of Assets. Once you have a general list of the assets, the next step is to gather information about them. Appraise the Assets. Making a List of Debts and Liabilities.

How to fill out inventory for decedents estate template?

Probate Inventory Guide: Step-by-Step Step 1: Identify All Assets. It is critical to understand how each asset is titled. Step 2: Determine Proper Valuation. Each asset must be assessed a value as of the date of death. Step 3: Organize the Information. Step 4: Complete the Probate Inventory Form. Step 5: Review for Accuracy.

What is the inventory of the deceased?

Estate administration is the overall process of managing and distributing the assets of a deceased person. In Arkansas, probate is typically required when a person dies with assets that are not jointly held or are not otherwise transferred through a non-probate means such as a trust or beneficiary designation.

How do I make a list of assets?

Common things to include in an asset list include: Physical assets including property, vehicles, collectible items of value etc. Financial assets including bank accounts, credit cards, investments, pensions etc. Insurance assets including life, home, health, mortgage etc.

Inventory of Decedent's Estate - Arkansas 2025

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