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**Must be submitted on yellow paper IN THE CIRCUIT COURT OF CLAY COUNTY, MISSOURI PROBATE DIVISION INVENTORY AND APPEASEMENT (Sec.473.233 and 475.145, RSM.) No. Matter of, Deceased Disabled Minor

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How to fill out inventory and appraisement

How to fill out inventory and appraisement:

01

Begin by itemizing all the assets that you own, such as real estate, vehicles, investments, and personal belongings.

02

Provide a detailed description for each item including its make, model, serial number, and condition. This helps in accurately determining its value.

03

Assign a fair market value to each item by considering its current market conditions and any depreciation or appreciation.

04

Include any debts or liabilities associated with the assets, such as mortgages or loans, and note their amounts.

05

Gather all relevant supporting documents, such as ownership titles, purchase receipts, and appraisal reports, to substantiate the values stated.

06

Double-check the accuracy of the entered information and make any necessary adjustments or revisions.

07

Sign and date the inventory and appraisement form, ensuring that all required parties or witnesses also sign if necessary.

08

Make copies of the completed inventory and appraisement form for your records and any relevant legal or financial proceedings.

Who needs inventory and appraisement:

01

Individuals going through divorce proceedings may require an inventory and appraisement to fairly divide marital assets and debts.

02

Executors or administrators of an estate may need to complete an inventory and appraisement to distribute assets among beneficiaries.

03

Business owners or partners may require an inventory and appraisement to determine the value of their company for buy-sell agreements or selling purposes.

04

Insurance companies may request an inventory and appraisement to assess the value of insured assets in case of a claim or loss.

05

Probate courts often require an inventory and appraisement to assess the value of an estate and ensure proper distribution of assets to heirs.

Note: It is essential to consult with legal or financial professionals to understand specific requirements and guidelines for filling out an inventory and appraisement form in your jurisdiction.

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What is inventory and appraisement?

Inventory and appraisement is a detailed list of all assets and their corresponding values that are part of the estate of a deceased individual.

Who is required to file inventory and appraisement?

The executor or administrator of the estate is responsible for filing the inventory and appraisement.

How to fill out inventory and appraisement?

To fill out inventory and appraisement, one must list all assets of the deceased along with their corresponding values as determined by appraisals or market estimates.

What is the purpose of inventory and appraisement?

The purpose of inventory and appraisement is to provide an accurate valuation of the deceased individual's estate for tax and distribution purposes.

What information must be reported on inventory and appraisement?

Information such as real estate properties, bank accounts, investments, personal belongings, and other assets must be reported on inventory and appraisement.

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