Inventory estate - crs 2025

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(a) General assets. --Every personal representative shall file with the register a verified inventory of all real and personal estate of the decedent, except real estate outside of this Commonwealth. An ancillary personal representative shall include in the inventory only assets for which he is responsible.
The How: The inventory number is calculated by simply taking a count of the properties marked as active on the last day of the month, factoring in pending sales at the end of that same month. For example, Q2-2024 inventory will be the number of properties in active status on May 30, 2024.
Inventory is calculated monthly by taking a count of the number of active listings and pending sales on the last day of the month. If inventory is rising, there is less pressure for home prices to increase.
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.
Inventory is the raw count of the number of properties being actively marketed and listed for sale. It is also known as active listings or simply homes for sale. Inventory is calculated monthly by taking the count of the properties marked as active on the last day of the month.
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