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

Separate appointment notice: A.R.S. § 14-3705 generally requires a personal representative other than a special administrator to inform heirs and devisees of the appointment within 30 days, subject to the statute's formal-proceeding and prior-adjudication exceptions. That notice is distinct from delivery of this inventory.

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 (if a will has been probated) and to any other interested person who requests it.

☐ This inventory was prepared 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. Identify each appraiser by name and address with the exact schedule item valued. The personal representative records the value of items for which no appraiser is used.

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), the personal representative used this route:

☐ The original was filed with the court on [__/__/____]; copies were furnished to interested persons who requested one, as listed below.
☐ The original was not filed; copies were delivered or mailed to each intestate heir or, if a will was probated, each devisee, and to other interested persons who requested one, as listed below.

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

ATTACHMENTS CHECKLIST

☐ Checked the local superior court's inventory form; Maricopa County offers Inventory and Appraisement and Proof of Mailing (PBIP46f)
☐ 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 or an erroneous or misleading value or description; file it if the original was filed, otherwise furnish copies or information to persons interested in the new information (A.R.S. § 14-3708)
☐ If the original inventory was not filed, proof of delivery/mailing to intestate heirs or devisees if a will was probated, and to 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 — Separate appointment notice to heirs and devisees.