Inventory guide

Estate inventory guide for probate executors

Learn how to organize an estate inventory with assets, property, accounts, documents, debts, values, notes, beneficiaries, and reporting context.

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An estate inventory is the foundation for cleaner administration

Before an estate can be fully administered, the executor needs a reliable picture of what exists, what is owed, what documents support it, and what may need valuation or professional review.

Identify estate assets

Assets may include real estate, vehicles, bank accounts, investments, personal property, business interests, insurance proceeds, and other estate-owned property.

  • List real estate and property details
  • Track bank, investment, and retirement account information
  • Document vehicles, valuables, and personal property
  • Add notes for assets needing valuation or follow-up

Track debts and obligations

An inventory is more useful when liabilities and known obligations are tracked alongside assets.

  • List mortgages, loans, taxes, and creditor claims
  • Track utility accounts and property obligations
  • Document professional fees or known estate costs
  • Keep supporting notices and statements organized

Connect inventory to reporting

Inventory records should support accounting, reporting, beneficiary communication, and final distribution planning.

  • Attach documents and notes to inventory items
  • Track property activity and maintenance costs
  • Connect inventory context to estate reports
  • Preserve updates and audit history

Estate inventory checklist

✓List all known estate assets
✓Identify property, accounts, vehicles, valuables, and business interests
✓Collect supporting documents and statements
✓Track known debts and obligations
✓Add notes for valuation or follow-up
✓Connect inventory records to accounting activity
✓Prepare inventory summaries for review
✓Update records as new information is found

Build an estate inventory that supports the whole probate process

Use LegatePro to connect assets, documents, debts, property activity, accounting, beneficiaries, and reports in one workspace.

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