“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.
Associate Attorney Collin Bullard writes about enforcement of an unwritten contract in his blog.
... See MoreSee Less
Enforcement of an Unwritten Contract
Under Texas law, these “oral contracts” are enforceable with the same legal requirements as a physical contract.- Likes: 1
- Shares: 0
- Comments: 0
0 CommentsComment on Facebook
Waldron & Schneider, in conjunction with Royal Harbor Partners, would like to extend an invitation to an Election Year Investor Symposium to be held at the University of Houston-Clear Lake on March 27th at 6:00 p.m..
The event is free but space is limited. You can RSVP by using the QR Code on the event flyer or by clicking in the link provided.
www.facebook.com/RoyalHarborPartners
... See MoreSee Less
0 CommentsComment on Facebook
Partner Richard Simmons attended the monthly Clear Lake Area Chamber of Commerce luncheon - today’s speakers were State Rep. Dennis Paul and state Rep. Greg Bonnen. ... See MoreSee Less
0 CommentsComment on Facebook
Partner Richard Simmons and his wife, Jennifer, at the Space Center Rotary LEAP Awards Gala. Pictured with CCISD Trustee Arturo Sanchez and State Rep. Dennis Paul. ... See MoreSee Less
0 CommentsComment on Facebook
Associate attorney Collin Bullard writes about vicarious liability of an employer in his blog.
... See MoreSee Less
Vicarious Liability of an Employer
In 2022, the Texas Supreme Court heard Cameron International Corp. v. Martinez regarding potential liability of an employer for an employee’s car wreck after leaving a jobsite.0 CommentsComment on Facebook