An estate inventory is an overview of the deceased person's assets and debts. It forms the basis for management, settlement, the tax return and ultimately distribution. A good inventory does not have to start in a complicated way, but it must be built completely and verifiably.
Collect information by category
Start with bank accounts and cash. Then add the home, investments, vehicles, valuable items and any business interests. On the other side, record the mortgage, loans, unpaid bills, taxes and other obligations. Do not forget digital assets and claims. For every item, make clear which date the value relates to and which document supports that value.
For a joint account or joint ownership, the full balance or asset does not automatically belong to the estate. Ownership shares and agreements must be investigated. Homes and special assets may have specific valuation rules.
Track changes
Also record payments and receipts after death. Keep invoices, bank statements and valuations with the overview. Work with one central version, so those involved do not each use different figures. If there is an executor, preparing an estate inventory is usually part of their work. Beneficial acceptance can bring additional settlement rules.
The Inheritance Guide helps collect and classify the information and identify missing documents. A notary or tax adviser can assess which valuation and form are needed in your situation.