Rule 60 Format and Content

If you're the person in charge of handling someone's estate (called a personal representative or special administrator), you have the option to file a list of the estate's property with the court. This list is called an inventory. If you do file one, it has to follow certain rules about what it includes and how it looks.

The first page of the inventory must show the date the person died and must be signed by you as the personal representative. The inventory also needs to show the total value of all the estate's assets that have been valued so far. For each item, you need to describe what it is, what it's worth, and mention any loans tied to it, like a mortgage on a house. If someone appraised the property, you need to list who did the appraisal and when it happened.

Finally, if anyone with a legal interest in the estate wants to see the appraisals or other paperwork that shows how you valued the assets, you have to let them look at it. This keeps the process open so heirs and other interested parties can check that the property was valued fairly.