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The document is an Inventory and Appraisement related to a marriage dissolution case in Texas. It details the assets and liabilities of both parties, including real property, cash accounts, stock options, retirement benefits, insurance policies, vehicles, household items, and community liabilities. The document serves to outline the financial situation of the parties involved for legal proceedings.

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What is included in inventory property?

Property inventory is a written tally of all of a taxpayers personal property. This inventory will also denote how much was paid for each item and when, along with each items current market value.

Whats the difference between an inventory and an accounting?

An inventory is filed after the personal representative is appointed. The inventory states the assets and debts of the decedent. An accounting is filed when the personal representative is ready to close the estate. The accounting shows how the assets of the decedent were spent and/or distributed.

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.

What is the inventory and appraisement of property in a divorce form?

The statement is called an inventory and appraisement or financial statement. The temporary orders issued by a court when a divorce petition is filed typically require the spouses to produce the inventory by a certain date and sets out the form of the inventory.

What is an inventory and appraisal?

Tells the court what property is owned by the estate and approximately how much it is worth. Get form DE-160. Effective: January 1, 2007. View DE-160 Inventory And Appraisal form.

What is the purpose of inventory in probate?

The purpose of Inventory and Appraisal during the probate process is to take inventory of a deceased persons assets and property, as well as determine the value of these assets. Thus, it is an important process that both defines what makes up the decedents estate, and the value of the estate as a whole.

What is a probate inventory and appraisal?

What is the Inventory and Appraisal? The Inventory and Appraisal is a complete listing of the estate assets as of a particular date, usually the date of death. In a guardianship or conservatorship estate, it is the date of appointment.

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.