Estate Inventory and Appraisement (South Carolina)

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

South Carolina prescribes official Probate Court form Form #350ES — "Inventory and
Appraisement: Probate Property" (Short Form 350ES SF and Long Form 350ES LF),
with continuation sheets and a 350ES SQA (Subsequent Administration Inventory) and
352ES (Motion for Extension). This template provides the substantive content to help
you organize and value probate assets — transfer your content to the official form before
filing. Forms: https://www.sccourts.org/forms (search "350ES"). Do not file this document
in place of the official form.

INVENTORY AND APPRAISEMENT OF THE ESTATE

STATE OF SOUTH CAROLINA — IN THE PROBATE COURT, COUNTY OF [COUNTY]

1. CAPTION AND CASE INFORMATION

2. PERSONAL REPRESENTATIVE INFORMATION

3. DECEDENT INFORMATION

4. STATEMENT OF DUTY AND FILING DEADLINE

Pursuant to S.C. Code Ann. § 62-3-706(A), within ninety (90) days after appointment, a personal representative (who is not a special administrator or a successor who has previously discharged this duty) shall (1) prepare an inventory and appraisement of probate property owned by the decedent at death, listing it with reasonable detail and indicating as to each item its fair market value as of the date of the decedent's death and the type and amount of any encumbrance; (2) file the original with the court; and (3) mail a copy to interested persons who have filed a demand for notice of the filing of the inventory pursuant to § 62-3-204. Under § 62-3-706(C), the court, upon application of the personal representative, may extend the time (Form 352ES).

☐ This inventory and appraisement is filed within ninety (90) days after appointment.
☐ The court has granted an extension to [__/__/____] (Form 352ES).
☐ Gross probate assets are $600,000 or more — the probate judge will furnish a copy to the South Carolina Department of Revenue (§ 12-16-1220).

Nonprobate property (§ 62-3-706(B)). ☐ No demand for a nonprobate-property list has been made. ☐ A demand has been made; the nonprobate list is attached and proof of mailing filed.

5. APPRAISAL METHOD AND EMPLOYMENT OF APPRAISERS

The personal representative has estimated and/or appraised each listed item at its fair market value as of the date of the decedent's death. Pursuant to S.C. Code Ann. § 62-3-707, the personal representative may obtain a qualified and disinterested appraiser to assist in ascertaining the fair market value of any asset whose value is not readily ascertainable; the appraiser's name and address must be indicated with the item or items appraised.

SCHEDULE A — REAL ESTATE

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

SCHEDULE B — STOCKS AND BONDS

Schedule B Subtotal: $[________________]

SCHEDULE C — NOTES DUE DECEDENT AND CASH

Schedule C Subtotal: $[________________]

SCHEDULE D — INSURANCE ON DECEDENT'S LIFE PAYABLE TO THE ESTATE

Schedule D Subtotal: $[________________]

SCHEDULE E — JOINTLY OWNED PROPERTY

Schedule E Subtotal: $[________________]

SCHEDULE F — OTHER MISCELLANEOUS ASSETS

Schedule F Subtotal: $[________________]

SCHEDULE G — TRANSFERS DURING DECEDENT'S LIFE PAYABLE TO THE ESTATE

Schedule G Subtotal: $[________________]

SCHEDULE H — POWERS OF APPOINTMENT PAYABLE TO THE ESTATE

Schedule H Subtotal: $[________________]

SCHEDULE I — ANNUITIES AND RETIREMENT ACCOUNTS PAYABLE TO THE ESTATE

Schedule I Subtotal: $[________________]

6. RECAPITULATION / SUMMARY (Form 350ES)

7. VERIFICATION / OATH OF PERSONAL REPRESENTATIVE

The undersigned, being sworn, states: that the foregoing schedules contain a complete and accurate inventory and appraisement of all probate real and personal property of this estate so far as the undersigned is informed; that he/she has estimated and/or appraised all listed property at its fair market value as of the date of the decedent's death, according to the best of his/her knowledge and ability (S.C. Code Ann. § 62-3-706).

Personal Representative Signature: ______________________________________

Printed Name: [PERSONAL REPRESENTATIVE FULL LEGAL NAME]

Co-Personal Representative Signature (if any): ______________________________________

State of South Carolina, County of [____________________]

SWORN to before me this [____] day of [____________________], 20[____].

Notary Public for South Carolina: ______________________________________
My commission expires: [__/__/____]

8. CERTIFICATE OF FILING / PROOF OF DELIVERY

The original inventory and appraisement is filed with the Probate Court of [COUNTY] County, South Carolina within ninety (90) days after appointment (S.C. Code Ann. § 62-3-706(A)(2)). A copy was mailed to each interested person who filed a demand for notice under § 62-3-204, and Proof of Delivery is filed with the court.

Attorney (if any): [ATTORNEY NAME] — S.C. Bar No.: [________________]
Address / Telephone / Email: [________________________________]

ATTACHMENTS CHECKLIST

☐ Official Form 350ES SF (short form) or 350ES LF (long form) — Inventory and Appraisement: Probate Property
☐ 350ES SF/LF continuation sheet(s) as needed
☐ Form 352ES — Motion for Extension (if filed beyond 90 days)
☐ Appraiser's report(s) with name/address indicated per item (§ 62-3-707)
☐ Date-of-death account statements (Schedule C)
☐ Proof of Delivery to interested persons who demanded notice (§ 62-3-204)
☐ Form 350ES SQA (Subsequent Administration Inventory) for after-discovered assets

SOURCES AND REFERENCES

• S.C. Code Ann. § 62-3-706 — Duty of personal representative; inventory and appraisement; within 90 days; FMV at date of death; file original; mail copy to interested persons demanding notice; nonprobate list on demand; court may extend.
• S.C. Code Ann. § 62-3-707 — Employment of appraisers; PR may obtain a qualified and disinterested appraiser; name/address indicated per item.
• S.C. Code Ann. § 62-3-704 — Personal representative to proceed expeditiously; file inventory within 90 days.
• S.C. Code Ann. § 62-3-204 — Demand for notice of filing of the inventory.
• S.C. Code Ann. § 12-16-1220 — Probate judge furnishes copy to SCDOR for estates with gross probate assets ≥ $600,000.
• SC Judicial Branch forms (Form 350ES SF / 350ES LF / 352ES / 350ES SQA): https://www.sccourts.org/forms
• Justia: https://law.justia.com/codes/south-carolina/title-62/article-3/section-62-3-706/