“Inventory, Appraisement, and List of Claims”… What’s that?!
The Inventory is a document that contains a verified, full, and detailed inventory of all estate property that has come into the possession of the personal representative or of which the personal representative has knowledge. The inventory must include all real and personal property of the estate and its classification. The personal representative is required to set out in the Inventory the representative’s appraisement of the fair market value of each item listed. These values are calculated according to the date of death of the decedent. Once complete, the Inventory is recorded in a sworn document and filed with the court. Because there is a deadline to file the Inventory, the personal representative must work diligently to obtain the above mentioned information in a timely manner.
After the Inventory is filed, the judge will examine and approve or disapprove the Inventory. Once approved, the personal representative may move forward and take the appropriate steps to conclude the estate. When tasked with having to complete an Inventory, an attorney’s guidance can be invaluable. If you need assistance in probating your loved ones estate and correctly completing the required Inventory, Appraisement, and List of Claims or would like to discuss the intricacies related to such process, the attorneys at Waldron & Schneider, PLLC are here to assist.
The legal information in this blog entry is not intended to be a substitute for seeking personalized legal advice from an attorney licensed to practice in your jurisdiction. Further, nothing contained in this article is intended to create an attorney-client relationship with any reader. By using this website you understand that there is no attorney client relationship between you and this firm. The article and website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
Throw back Thursday. In 1998, the attorneys and staff of Waldron & Schneider broke ground at the current location. ... See MoreSee Less
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I remember that! Loved working there ❤️
I've never seen this before!
Makes me sad. But love it
Randy and Robbye ❤️
Oh wow!
Partner Kimberly Bartley writes about why a business may need a risk assessment policy in her blog.
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Why do I need a Risk Assessment Policy?
www.ws-law.com
Risk Assessment Policies are a great tool to help business define areas of risk or vulnerability, both to their staff and customers.Partner Richard Simmons with his wife Jennifer and State Rep. Dennis Paul at the Space Center Rotary LEAP awards ... See MoreSee Less
Congratulations to partner Richard Simmons’ son Jacob and the Lakers for winning the Clear Lake Boys Basketball 2023 Championship. ... See MoreSee Less
Associate Attorney Shawn Williamson and his wife Kim Williamson attended the Economic Alliance Houston Port Region Annual Membership Banquet with Royal Harbor Partners Wealth Management Firm. The Economic Alliance brings together the industries main players and members of the Economic Alliance. Waldron and Schneider was honored represent the firm and it's commitment to the local economy and its businesses, small and large. ... See MoreSee Less