Missouri probate inventory 2025

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Probate is necessary when a person dies with property in his or her name or with rights to receive property. Examples of having property at death include: Bank accounts in the decedents name with no co-owner and no beneficiary designation. A home or land that is owned by the decedent individually.
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.
Personal possessions should not be distributed before probate is completed, as they are part of the estate that must be inventoried and appraised. Distributing items prematurely could lead to legal disputes, especially if they are intended for specific beneficiaries.
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.
Copies of probate records can be obtained by contacting the probate judge in each county, or the Circut Court.
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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.
Non-probate assets are those that do not require a courts involvement during the probate process, allowing for a smoother and quicker transfer to beneficiaries. These assets can include life insurance policies, retirement accounts, and properties held in joint tenancy, among others.

sample probate inventory list pdf