Estate Inventory and Appraisement (Arkansas)
INVENTORY AND APPRAISEMENT OF THE ESTATE
IN THE CIRCUIT COURT OF [COUNTY] COUNTY, ARKANSAS — PROBATE DIVISION
1. CAPTION AND CASE INFORMATION
| Field | Detail |
|---|---|
| IN THE MATTER OF THE ESTATE OF: | [DECEDENT FULL LEGAL NAME], also known as [AKA, if any], Deceased |
| Case No. | [____________________________________] |
| Court | Circuit Court of [COUNTY] County, Arkansas — Probate Division |
| Type of Administration | ☐ Testate (with will) ☐ Intestate (no will) |
2. PERSONAL REPRESENTATIVE INFORMATION
| Field | Detail |
|---|---|
| Name | [PERSONAL REPRESENTATIVE FULL LEGAL NAME] |
| Capacity | ☐ Executor (Letters Testamentary) ☐ Administrator (Letters of Administration) ☐ Administrator with Will Annexed |
| Mailing Address | [STREET ADDRESS], [CITY], Arkansas [ZIP CODE] |
| Telephone / Email | [________________________________] |
| Date of Qualification / Letters | [__/__/____] |
3. DECEDENT INFORMATION
| Field | Detail |
|---|---|
| Full Legal Name | [DECEDENT FULL LEGAL NAME] |
| Also Known As | [AKA(s), if any] |
| Date of Death (Valuation Date) | [__/__/____] |
| County of Residence at Death | [COUNTY] County, Arkansas |
| Social Security No. (last 4) | XXX-XX-[____] |
4. STATEMENT OF DUTY AND FILING DEADLINE
Pursuant to Ark. Code § 28-49-110(a)(1), within two (2) months after qualification (or as the court may direct), the personal representative shall file a true and complete inventory of all property owned by the decedent at the time of death (except interests terminated by death), describing each item in detail and setting out the personal representative's appraisement of the fair market value of the property as of the date of death.
☐ This inventory is filed within two months after qualification.
☐ The court has directed an alternative filing date of [__/__/____].
☐ Filing of an inventory has been waived: all competent distributees and the qualified guardians of any incompetent distributees have filed written waivers (Ark. Code § 28-49-110(c)(1)); this inventory is nonetheless prepared. (Note: if any person asserting a claim or interest demands an inventory in writing, it must be filed — § 28-49-110(c)(2).)
5. APPRAISAL METHOD
Under Arkansas law the personal representative self-appraises — i.e., sets out the personal representative's own appraisement of fair market value as of the date of death (Ark. Code § 28-49-110(a)(1)). No court-appointed appraiser is required. Where the value of an asset is subject to reasonable doubt (real estate, business interests, collectibles), the personal representative may obtain a written appraisal from a qualified, disinterested appraiser and attach it in support of the stated value.
| Asset Appraised | Appraiser Name | Address | Date of Appraisal |
|---|---|---|---|
| [________________________________] | [____________________] | [____________________] | [__/__/____] |
| [________________________________] | [____________________] | [____________________] | [__/__/____] |
SCHEDULE A — REAL PROPERTY
| # | Description / Street Address | County & Parcel ID | Legal Description | Date-of-Death FMV | Encumbrance (type/amount) |
|---|---|---|---|---|---|
| A-1 | [________________________________] | [____________________] | [____________________] | $[________________] | [________________] |
| A-2 | [________________________________] | [____________________] | [____________________] | $[________________] | [________________] |
| A-3 | [________________________________] | [____________________] | [____________________] | $[________________] | [________________] |
Schedule A Subtotal (gross FMV): $[________________]
SCHEDULE B — TANGIBLE PERSONAL PROPERTY
| # | Item Description | VIN / Serial / Identifier | Date-of-Death FMV |
|---|---|---|---|
| B-1 | [Vehicle: year/make/model] | [____________________] | $[________________] |
| B-2 | [Household goods & furnishings] | [____________________] | $[________________] |
| B-3 | [Jewelry / watches] | [____________________] | $[________________] |
| B-4 | [Firearms / collectibles / art] | [____________________] | $[________________] |
| B-5 | [________________________________] | [____________________] | $[________________] |
Schedule B Subtotal: $[________________]
SCHEDULE C — CASH, BANK & FINANCIAL ACCOUNTS
| # | Institution | Account Type | Acct No. (last 4) | Balance at Death |
|---|---|---|---|---|
| C-1 | [____________________] | ☐ Checking ☐ Savings ☐ CD ☐ Money Market | [____] | $[________________] |
| C-2 | [____________________] | ☐ Checking ☐ Savings ☐ CD ☐ Money Market | [____] | $[________________] |
| C-3 | [____________________] | ☐ Checking ☐ Savings ☐ CD ☐ Money Market | [____] | $[________________] |
| C-4 | Cash on hand / uncashed checks | — | — | $[________________] |
Schedule C Subtotal: $[________________]
SCHEDULE D — SECURITIES & BUSINESS INTERESTS
| # | Description (issuer / type / shares or units) | Identifier (CUSIP / acct) | Date-of-Death FMV |
|---|---|---|---|
| D-1 | [Brokerage account] | [____________________] | $[________________] |
| D-2 | [Stocks / bonds / mutual funds] | [____________________] | $[________________] |
| D-3 | [LLC / partnership / closely held business interest] | [____________________] | $[________________] |
| D-4 | [________________________________] | [____________________] | $[________________] |
Schedule D Subtotal: $[________________]
SCHEDULE E — OTHER ASSETS
| # | Description | Identifier / Source | Date-of-Death FMV |
|---|---|---|---|
| E-1 | [Promissory notes / receivables owed to decedent] | [____________________] | $[________________] |
| E-2 | [Life insurance payable to the ESTATE] | [____________________] | $[________________] |
| E-3 | [Tax / utility refunds; final wages] | [____________________] | $[________________] |
| E-4 | [Intellectual property / royalties / other] | [____________________] | $[________________] |
Schedule E Subtotal: $[________________]
6. RECAPITULATION / SUMMARY
| Schedule | Description | Appraised Value |
|---|---|---|
| A | Real Property (gross) | $[________________] |
| B | Tangible Personal Property | $[________________] |
| C | Cash, Bank & Financial Accounts | $[________________] |
| D | Securities & Business Interests | $[________________] |
| E | Other Assets | $[________________] |
| TOTAL GROSS APPRAISED VALUE OF ESTATE | $[________________] | |
| Less: Encumbrances (from Schedule A) | ($[________________]) | |
| NET APPRAISED VALUE | $[________________] |
7. AFFIDAVIT / VERIFICATION OF PERSONAL REPRESENTATIVE
I, [PERSONAL REPRESENTATIVE FULL LEGAL NAME], the duly appointed and qualified personal representative of the Estate of [DECEDENT FULL LEGAL NAME], being first duly sworn, state pursuant to Ark. Code § 28-49-110(a)(2) that the foregoing inventory is complete and accurate to the best of my knowledge and belief, that it sets out my appraisement of the fair market value of each item as of the decedent's date of death, and that I was not indebted or obligated to the decedent at the time of death except as stated in this inventory.
Signature: ______________________________________
Printed Name: [PERSONAL REPRESENTATIVE FULL LEGAL NAME]
Date: [__/__/____]
STATE OF ARKANSAS, [COUNTY] COUNTY
Subscribed and sworn to before me this [____] day of [MONTH], [YEAR].
Notary Public: ______________________________________ My commission expires: [__/__/____]
8. CERTIFICATE OF SERVICE / FILING
The original of this inventory is filed with the Circuit Court of [COUNTY] County, Arkansas (Probate Division). A copy has been served on interested persons as indicated.
| Interested Person Served | Address | Method | Date |
|---|---|---|---|
| [________________________________] | [____________________] | ☐ Mail ☐ Email ☐ Hand | [__/__/____] |
| [________________________________] | [____________________] | ☐ Mail ☐ Email ☐ Hand | [__/__/____] |
Signature: ______________________________________
Printed Name: [PERSONAL REPRESENTATIVE / ATTORNEY NAME]
Arkansas Bar No.: [________________] (if attorney)
Address / Telephone / Email: [________________________________]
ATTACHMENTS CHECKLIST
☐ Written waivers of inventory by competent distributees/guardians, if applicable (Ark. Code § 28-49-110(c))
☐ Independent appraisals (real estate, business interests, collectibles)
☐ Date-of-death account statements (Schedule C)
☐ Brokerage / securities statements (Schedule D)
☐ Vehicle title(s) and valuation printouts (Schedule B)
☐ Supplemental inventory for errors/omissions or after-discovered property (Ark. Code § 28-49-110(b))
☐ Notary acknowledgment of the personal representative's affidavit
SOURCES AND REFERENCES
- Ark. Code § 28-49-110 — Inventories (two months after qualification; self-appraisement at date-of-death FMV; affidavit; waiver; corrections by supplemental inventory; not conclusive evidence).
- Ark. Code § 28-49-101 — Personal representative to take possession of the estate.
- Ark. Code § 28-40-110 — Duties of personal representative generally.
About this template
- Last updated
- June 14, 2026
- Jurisdiction
- Arkansas
- Category
- Estate Planning & Wills
Legal authority
- Ark. Code § 28-49-110 (Inventories)
- Ark. Code § 28-49-101 (Personal representative to take possession of estate)
- Ark. Code § 28-40-110 (Duties of personal representative generally)
Estate planning documents decide what happens to your property, your children, and your medical care when you cannot make those decisions yourself. Wills, trusts, powers of attorney, and health care directives each serve different purposes and each have to meet state law requirements for signing, witnessing, and notarization. A document that looks fine on the page but was not executed correctly can be rejected in probate, which is exactly when it is too late to fix.
Not legal advice
This template is provided for informational purposes. We recommend having an attorney review any legal document before signing, especially for high-value or complex matters.
Checked against the law it cites
The statutes this template relies on are listed under Legal authority.
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