Inventory and Appraisement of the Estate (Colorado)

IMPORTANT: THIS IS A PREPARATION GUIDE — USE WITH THE OFFICIAL FORM

Colorado provides official Judicial Department form JDF 941 (Decedent's Estate Inventory)
for the inventory required by C.R.S. § 15-12-706. This template supplies the substantive
content and schedules to help you prepare — transfer your content onto JDF 941 before
distributing it. The official form is available at
https://www.coloradojudicial.gov/self-help-and-forms/self-help-forms/decedents-estate-inventory.
Under C.R.S. § 15-12-706(2) the inventory is sent to interested persons who request it
(and the original may be filed with the court); it is generally not filed.

INVENTORY AND APPRAISEMENT OF THE ESTATE

Case Number: [____________________________________] Division/Courtroom: [____]

1. PERSONAL REPRESENTATIVE

This personal representative is not a successor to a prior personal representative who has already discharged the inventory duty under C.R.S. § 15-12-706(1).

2. DECEDENT

All values stated in this inventory are the fair market value as of the date of the decedent's death, as required by C.R.S. § 15-12-706(1).

3. DUTY AND DEADLINE

Under C.R.S. § 15-12-706(1), within three (3) months after appointment the personal representative shall prepare an inventory of property owned by the decedent and subject to disposition by will or intestate succession at the time of death, listing it with reasonable detail and indicating, as to each item, its fair market value as of the date of death and the type and amount of any encumbrance.

• Date of appointment / letters: [__/__/____]
• Inventory due (3 months later): [__/__/____]

Under C.R.S. § 15-12-706(2), the personal representative shall send a copy of the inventory to interested persons who request it, or may file the original with the court. Under C.R.S. § 15-12-706(3), if the heirs or devisees are unknown — or are known but no one is qualified to receive their distributive share — the personal representative shall also, within those three months, deliver or mail a copy to the Colorado Attorney General.

4. APPRAISAL METHOD

The personal representative has personally determined the value of cash and items not subject to reasonable doubt. Pursuant to C.R.S. § 15-12-707, the personal representative may employ qualified and disinterested appraisers to ascertain the fair market value, as of the date of death, of any asset whose value is subject to reasonable doubt; different persons may appraise different kinds of assets, and the appraiser's name and address must be indicated on the inventory with the item(s) appraised.

☐ No outside appraiser was used. ☐ One or more appraisers were used (identified in Schedule(s) below and in § 9, Appraiser's Certificate).

SCHEDULE A — REAL PROPERTY

SCHEDULE B — TANGIBLE PERSONAL PROPERTY

SCHEDULE C — CASH, BANK & FINANCIAL ACCOUNTS

SCHEDULE D — SECURITIES & BUSINESS INTERESTS

SCHEDULE E — OTHER ASSETS

RECAPITULATION / SUMMARY

5. OATH / AFFIRMATION OF PERSONAL REPRESENTATIVE

As required by C.R.S. § 15-12-706(1), I, [PERSONAL REPRESENTATIVE FULL LEGAL NAME], the personal representative of the Estate of [DECEDENT FULL LEGAL NAME], under oath or affirmation, state that the foregoing inventory and appraisement is complete and accurate so far as I am informed, and that the values stated are the fair market values as of the date of the decedent's death.

I declare under penalty of perjury in the second degree under Colorado law (C.R.S. § 18-8-503) that the foregoing is true and correct.

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

Signature: ______________________________________

Printed Name: [PERSONAL REPRESENTATIVE FULL LEGAL NAME], Personal Representative

6. APPRAISER'S CERTIFICATE (if appraiser employed — C.R.S. § 15-12-707)

The undersigned, a qualified and disinterested appraiser, certifies that I appraised the item(s) indicated below at their fair market value as of the date of the decedent's death.

Appraiser Signature: ______________________________________ Date: [__/__/____]

7. CERTIFICATE OF SERVICE / DELIVERY

I certify that on [__/__/____] a copy of this Inventory and Appraisement (JDF 941) was sent by [☐ U.S. Mail ☐ hand delivery ☐ email] to the following, in accordance with C.R.S. § 15-12-706(2)–(3):

Signature: ______________________________________
Printed Name: [PERSONAL REPRESENTATIVE / ATTORNEY NAME]
Colorado Attorney Reg. No.: [____________] (if applicable)

ATTACHMENTS CHECKLIST

☐ JDF 941 (Decedent's Estate Inventory) — completed
☐ Schedules A–E (asset detail)
☐ Appraisal report(s), if any (C.R.S. § 15-12-707)
☐ Legal descriptions / deeds for real property (Schedule A)
☐ Date-of-death account statements (Schedule C)
☐ Business valuation(s) for closely held interests (Schedule D)
☐ Copy of letters and order of appointment
☐ Proof of delivery to interested persons / Attorney General (if applicable)

SOURCES AND REFERENCES

• C.R.S. § 15-12-706 — Duty of personal representative — inventory and appraisement
• C.R.S. § 15-12-707 — Employment of appraisers
• Colorado Judicial Branch, JDF 941 (Decedent's Estate Inventory): https://www.coloradojudicial.gov/self-help-and-forms/self-help-forms/decedents-estate-inventory