Estate Inventory and Appraisement (Arizona)

INVENTORY AND APPRAISEMENT OF THE ESTATE

IN THE SUPERIOR COURT OF THE STATE OF ARIZONA, IN AND FOR THE COUNTY OF [COUNTY]

1. CAPTION AND CASE INFORMATION

2. PERSONAL REPRESENTATIVE INFORMATION

3. DECEDENT INFORMATION

4. STATEMENT OF DUTY AND FILING DEADLINE

Pursuant to A.R.S. § 14-3706(A), within ninety (90) days after appointment, the personal representative (who is not a special administrator or a successor to a representative who has previously discharged this duty) shall prepare an inventory of property owned by the decedent at the time of death, listing it with reasonable detail and indicating, as to each listed item, its fair market value as of the date of the decedent's death, its nature as community or separate property, and the type and amount of any encumbrance.

Per A.R.S. § 14-3706(B), the personal representative elects (check one):
☐ To file the original inventory with the court and send a copy only to interested persons who request it; or
☐ Not to file with the court and instead deliver or mail a copy to each heir (intestate estate) or each devisee (testate estate) and to any other interested person who requests it.

☐ This inventory is prepared/filed within ninety days after appointment.

5. APPRAISAL METHOD

Under A.R.S. § 14-3707, the personal representative may employ a qualified and disinterested appraiser to ascertain the fair market value, as of the date of death, of any asset whose value may be subject to reasonable doubt; different persons may be employed for different kinds of assets. The names and addresses of any appraisers are indicated below and next to the item(s) appraised. The personal representative self-appraises cash and readily valued items.

SCHEDULE A — REAL PROPERTY

Schedule A Subtotal (gross FMV): $[________________]

SCHEDULE B — TANGIBLE PERSONAL PROPERTY

Schedule B Subtotal: $[________________]

SCHEDULE C — CASH, BANK & FINANCIAL ACCOUNTS

Schedule C Subtotal: $[________________]

SCHEDULE D — SECURITIES & BUSINESS INTERESTS

Schedule D Subtotal: $[________________]

SCHEDULE E — OTHER ASSETS

Schedule E Subtotal: $[________________]

6. RECAPITULATION / SUMMARY

7. VERIFICATION OF PERSONAL REPRESENTATIVE

I, [PERSONAL REPRESENTATIVE FULL LEGAL NAME], the personal representative of the Estate of [DECEDENT FULL LEGAL NAME], declare under penalty of perjury that the foregoing inventory and appraisement is a true and complete list of the property owned by the decedent at the time of death that has come to my knowledge, that each item is correctly classified as community or separate property, and that the fair market values stated as of the date of death are true and correct to the best of my knowledge, information, and belief.

Executed on [__/__/____] at [CITY], Arizona.

Signature: ______________________________________

Printed Name: [PERSONAL REPRESENTATIVE FULL LEGAL NAME]

8. APPRAISER'S CERTIFICATE (if a professional appraiser was employed — A.R.S. § 14-3707)

I, the undersigned, certify that I am a qualified and disinterested appraiser and that the value(s) I assigned represent the fair market value of the appraised item(s) as of the decedent's date of death.

Appraiser Signature: ______________________________________
Printed Name / Firm: [____________________]
Address: [____________________] Date: [__/__/____]

9. CERTIFICATE OF SERVICE / FILING

Pursuant to A.R.S. § 14-3706(B) and A.R.S. § 14-3705, this inventory was furnished as follows:

Signature: ______________________________________
Printed Name: [PERSONAL REPRESENTATIVE / ATTORNEY NAME]
Arizona State Bar No.: [________________] (if attorney)
Address / Telephone / Email: [________________________________]

ATTACHMENTS CHECKLIST

☐ Local superior court probate inventory form (if the county supplies one)
☐ Independent appraisals (real estate, business interests, collectibles) — A.R.S. § 14-3707
☐ Date-of-death account statements (Schedule C)
☐ Brokerage / securities statements (Schedule D)
☐ Vehicle title(s) and valuation printouts (Schedule B)
☐ Supplementary inventory for after-discovered property (A.R.S. § 14-3708)
☐ Proof of delivery/mailing to heirs, devisees, and requesting interested persons (A.R.S. § 14-3706(B))

SOURCES AND REFERENCES

• A.R.S. § 14-3706 — Duty of personal representative; inventory and appraisement (90 days; FMV at date of death; community/separate; file or distribute).
• A.R.S. § 14-3707 — Employment of appraisers.
• A.R.S. § 14-3708 — Supplementary inventory.
• A.R.S. § 14-3705 — Duty of personal representative; information to heirs and devisees.