Estate Inventory

An estate inventory is a detailed record of all the assets, property, and valuables owned by a person at the time of their death. It includes items like real estate, bank accounts, investments, personal belongings, and other possessions. The purpose is to accurately determine the total estate value for legal, financial, and tax purposes, ensuring that assets are properly distributed according to the law or the deceased’s wishes. Preparing an estate inventory is a crucial step in settling an estate, providing transparency and helping executors or heirs understand what is available.