Estate Inventory and Appraisement (Indiana)
INVENTORY AND APPRAISEMENT OF THE ESTATE
IN THE [COURT NAME] OF [COUNTY] COUNTY, INDIANA
| Party | Role |
|---|---|
| IN THE MATTER OF THE ESTATE OF [DECEDENT FULL LEGAL NAME], | Deceased |
| Cause No.: [____________________] |
1. PERSONAL REPRESENTATIVE INFORMATION
| Field | Detail |
|---|---|
| Name of Personal Representative | [PERSONAL REPRESENTATIVE FULL LEGAL NAME] |
| Capacity | ☐ Executor ☐ Administrator ☐ Administrator with Will Annexed |
| Administration Type | ☐ Supervised ☐ Unsupervised |
| Mailing Address | [STREET ADDRESS], [CITY], Indiana [ZIP CODE] |
| Telephone | [________________________________] |
| [________________________________] | |
| Date of Appointment | [__/__/____] |
2. 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 Domicile at Death | [COUNTY] County, Indiana |
| Last Residence Address | [STREET ADDRESS], [CITY], Indiana [ZIP CODE] |
| Testate or Intestate | ☐ Testate (Will dated [__/__/____]) ☐ Intestate |
3. DUTY AND FILING DEADLINE
Supervised administration (Ind. Code § 29-1-12-1): Within two (2) months after appointment of the personal representative (unless a longer time is granted by the court), the personal representative shall prepare a verified inventory of the decedent's probate estate, consisting of at least one written instrument, indicating the fair market value of each item of property and a statement of all known liens and other charges on any item. A copy of the inventory (or any supplement or amendment) shall be furnished to interested persons who request it, unless the original has been filed with the court.
Unsupervised administration (Ind. Code § 29-1-7.5-3.2): Not more than two (2) months after appointment, the personal representative shall prepare a verified inventory; a copy shall be furnished to a distributee who requests it. The personal representative may certify to the court that the inventory has been prepared and is available; the court may not require the personal representative to file the inventory.
| Item | Detail |
|---|---|
| Date of appointment | [__/__/____] |
| Inventory due (2 months after appointment) | [__/__/____] |
| Supervised case: longer time granted by court? | ☐ No ☐ Yes — extended to [__/__/____] |
| Disposition | ☐ Filed with court (supervised) ☐ Furnished on request ☐ Certified to court as prepared/available (unsupervised) |
4. APPRAISAL METHOD
The personal representative has determined the fair market value of each item as of the date of the decedent's death. Pursuant to Ind. Code § 29-1-12-1(c) (and § 29-1-7.5-3.2(c) in unsupervised administration), the personal representative may employ a disinterested appraiser to ascertain the fair market value of any asset whose value may be subject to reasonable doubt; different persons may be employed to appraise different kinds of assets, and the name and address of any appraiser must be indicated on the inventory with the item(s) appraised.
☐ No appraiser was employed.
☐ Appraiser(s) were employed for the asset(s) noted in the schedules below (see optional work record, Section 6).
For each appraised item, enter the appraiser's name and address here:
| Schedule / Item No. | Appraiser Name | Appraiser Address |
|---|---|---|
| [A-1 / B-1 / OTHER] | [NAME] | [ADDRESS] |
| [ITEM] | [NAME] | [ADDRESS] |
SCHEDULE A — REAL PROPERTY
| No. | Description / Address, Plat or Survey, Key No. | Homestead? | Ownership / % Interest | Liens & Charges (type & amount) | Fair Market Value (Date of Death) |
|---|---|---|---|---|---|
| A-1 | [________________________________] | ☐ Yes ☐ No | [____________] | [________________] | $[________________] |
| A-2 | [________________________________] | ☐ Yes ☐ No | [____________] | [________________] | $[________________] |
| A-3 | [________________________________] | ☐ Yes ☐ No | [____________] | [________________] | $[________________] |
Schedule A Subtotal: $[________________]
SCHEDULE B — TANGIBLE PERSONAL PROPERTY
| No. | Description (furniture, household goods, vehicles, crops, equipment, etc.) | Location | Liens & Charges (type & amount) | Fair Market Value (Date of Death) |
|---|---|---|---|---|
| B-1 | [________________________________] | [____________] | [________________] | $[________________] |
| B-2 | [________________________________] | [____________] | [________________] | $[________________] |
| B-3 | [________________________________] | [____________] | [________________] | $[________________] |
Schedule B Subtotal: $[________________]
SCHEDULE C — CASH, BANK & FINANCIAL ACCOUNTS
| No. | Institution & Account Type (or insurance policy payable to estate) | Account / Policy No. (last 4) | Liens & Charges (type & amount) | Balance / Value (Date of Death) |
|---|---|---|---|---|
| C-1 | [________________________________] | XXXX-[____] | [________________] | $[________________] |
| C-2 | [________________________________] | XXXX-[____] | [________________] | $[________________] |
| C-3 | [________________________________] | XXXX-[____] | [________________] | $[________________] |
Schedule C Subtotal: $[________________]
SCHEDULE D — SECURITIES & BUSINESS INTERESTS
| No. | Description (stock class/par; bonds/notes/mortgages with debtor & recording data; partnership share %) | No. of Shares / % Interest | Liens & Charges (type & amount) | Fair Market Value (Date of Death) |
|---|---|---|---|---|
| D-1 | [________________________________] | [____________] | [________________] | $[________________] |
| D-2 | [________________________________] | [____________] | [________________] | $[________________] |
| D-3 | [________________________________] | [____________] | [________________] | $[________________] |
Schedule D Subtotal: $[________________]
SCHEDULE E — OTHER ASSETS
| No. | Description (causes of action, judgments, refunds, intellectual property, other personal property) | Liens & Charges (type & amount) | Fair Market Value (Date of Death) |
|---|---|---|---|
| E-1 | [________________________________] | [________________] | $[________________] |
| E-2 | [________________________________] | [________________] | $[________________] |
| E-3 | [________________________________] | [________________] | $[________________] |
Schedule E Subtotal: $[________________]
RECAPITULATION / SUMMARY
| Schedule | Asset Category | Total Value |
|---|---|---|
| A | Real Property | $[________________] |
| B | Tangible Personal Property | $[________________] |
| C | Cash, Bank & Financial Accounts | $[________________] |
| D | Securities & Business Interests | $[________________] |
| E | Other Assets | $[________________] |
| TOTAL APPRAISED VALUE OF ESTATE | $[________________] |
5. VERIFICATION
I, [PERSONAL REPRESENTATIVE FULL LEGAL NAME], the personal representative of the Estate of [DECEDENT FULL LEGAL NAME], verify that I have prepared and read the foregoing Inventory and Appraisement; that it states the fair market value of each item of the decedent's probate estate as of the date of death and all known liens and other charges on any item; and that the foregoing is true and correct to the best of my knowledge, information, and belief.
Executed on [__/__/____] at [CITY], Indiana.
Personal Representative Signature: ______________________________________
Printed Name: [PERSONAL REPRESENTATIVE FULL LEGAL NAME]
6. APPRAISER WORK RECORD (optional, if an appraiser was employed)
I, [APPRAISER FULL NAME], record the asset(s) I appraised and the values I supplied. My name and address must also appear with each item I appraised in the schedules above.
| Item(s) Appraised (Schedule / No.) | Appraised Value |
|---|---|
| [________________] | $[________________] |
Appraiser Signature: ______________________________________
Printed Name / Address: [________________________________]
Date: [__/__/____]
7. CERTIFICATE OF SERVICE / FILING
I certify that on [__/__/____], I handled the foregoing Inventory and Appraisement as follows:
☐ Supervised: Filed the verified inventory with [COURT NAME] of [COUNTY] County.
☐ Furnished a copy to interested persons / distributees who requested it (Ind. Code § 29-1-12-1(d); § 29-1-7.5-3.2(d)).
☐ Unsupervised: Certified to the court that the inventory has been prepared and is available (Ind. Code § 29-1-7.5-3.2(e)).
| Recipient | Relationship / Role | Address | Method | Date |
|---|---|---|---|---|
| [________________________________] | [____________] | [________________________________] | [____________] | [__/__/____] |
| [________________________________] | [____________] | [________________________________] | [____________] | [__/__/____] |
| [________________________________] | [____________] | [________________________________] | [____________] | [__/__/____] |
Signature: ______________________________________
Printed Name: [PERSONAL REPRESENTATIVE / ATTORNEY NAME]
Indiana Attorney No.: [________________] (if attorney)
Address / Telephone / Email: [________________________________]
SUPPORTING RECORDS (attach when ordered or useful)
☐ Letters Testamentary / Letters of Administration (order of appointment)
☐ Real property deeds / plat or survey / key (parcel) numbers; homestead designation (Schedule A)
☐ Vehicle titles and valuation sources (Schedule B)
☐ Bank / financial account statements as of date of death; insurance policies payable to estate (Schedule C)
☐ Stock certificates / brokerage statements / notes & mortgages with recording data; partnership records (Schedule D)
☐ Documentation for causes of action and other personal property (Schedule E)
☐ Appraisal report(s) and optional appraiser work record (if applicable)
☐ Proof of furnishing to interested persons / distributees on request
SOURCES AND REFERENCES
- Indiana General Assembly, Ind. Code § 29-1-12-1: verified inventory, two-month deadline, property classifications, appraiser information, and requester copies.
- Indiana General Assembly, Ind. Code § 29-1-7.5-3.2: inventory in unsupervised administration and its copy, certification, and filing rules.
About this template
- Last updated
- October 5, 2026
- Citations checked
- October 5, 2026
- Jurisdiction
- Indiana
- Category
- Estate Planning & Wills
Legal authority
- Ind. Code § 29-1-12-1 (Inventory — classification of properties; appraisers; copies to interested persons)
- Ind. Code § 29-1-7.5-3.2 (Inventories in unsupervised administration)
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
A reviewer verified this template's legal citations against the official source on October 5, 2026.
Ind. Code § 29-1-12-1(a) (checked October 5, 2026): "Within two (2) months after the appointment of a personal representative, unless a longer time is granted by the court, the personal representative shall prepare a verified inventory of the decedent's probate estate."
Ind. Code § 29-1-12-1(b) (checked October 5, 2026): "Property listed in the inventory required by subsection (a) must be classified as follows:"
Ind. Code § 29-1-12-1(c) (checked October 5, 2026): "The personal representative may employ a disinterested appraiser to assist in ascertaining the fair market value as of the date of the decedent's death of any asset the value of which may be subject to reasonable doubt."
Ind. Code § 29-1-12-1(d) (checked October 5, 2026): "The personal representative shall furnish a copy of the inventory, or any supplement or amendment to it, to interested persons who request it, unless the personal representative has filed the original of the inventory, or any supplement or amendment to it, with the court."
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