Estate Inventory and Appraisement (South Dakota)

INVENTORY AND APPRAISEMENT OF THE ESTATE

STATE OF SOUTH DAKOTA — IN CIRCUIT COURT, [____] JUDICIAL CIRCUIT, COUNTY OF [COUNTY]

1. CAPTION AND CASE INFORMATION

2. PERSONAL REPRESENTATIVE INFORMATION

3. DECEDENT INFORMATION

4. STATEMENT OF DUTY AND DEADLINE

Pursuant to SDCL § 29A-3-706, within six (6) months after appointment, or nine (9) months after the decedent's death, whichever is later, the personal representative (other than a special administrator or a successor 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 and the type and amount of any encumbrance that may exist with reference to any item.

The personal representative shall promptly make a copy of the inventory available, by mail or delivery, to any interested person who requests it, and may also file the original of the inventory with the court (SDCL § 29A-3-706; see also demand for notice, § 29A-3-204).

☐ This inventory is completed within six (6) months after appointment, or nine (9) months after death, whichever is later.
☐ The original inventory ☐ is ☐ is not filed with the Circuit Court (filing is permissive under § 29A-3-706).

Bond statement (SDCL § 29A-3-603). ☐ Bond is not required. ☐ Bond required and on file: $[________________].

If property was omitted or an item's value or description was erroneous or misleading, the personal representative shall prepare a supplementary inventory under SDCL § 29A-3-708. If the original was filed, file the supplement; mail or deliver a copy to each recipient of the original and to other interested persons who request it.

5. APPRAISAL METHOD AND EMPLOYMENT OF APPRAISERS

The personal representative has appraised each item at its fair market value as of the date of the decedent's death. Pursuant to SDCL § 29A-3-707, the personal representative may employ a qualified and disinterested appraiser to assist in ascertaining the fair market value of any asset whose value may not be readily ascertainable; different persons may be employed to appraise different kinds of assets, and the names and addresses of any appraiser shall be indicated on the inventory with the item or items appraised.

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], state that I have made a diligent search and reasonable inquiry for property of the decedent, and that the foregoing is a true and complete inventory of the property owned by the decedent at the time of death that has come to my knowledge, listed with reasonable detail and showing each item's fair market value as of the date of the decedent's death and the type and amount of any encumbrance, as required by SDCL § 29A-3-706. I understand that, if this document is filed with the court, SDCL § 29A-1-310 deems it to include an oath or affirmation of truth to the best of my knowledge or information and that deliberate falsification may be subject to perjury penalties.

Executed on [__/__/____] at [CITY], South Dakota.

Signature: ______________________________________

Printed Name: [PERSONAL REPRESENTATIVE FULL LEGAL NAME]

State of South Dakota, County of [____________________] — Subscribed and sworn to (or affirmed) before me on [__/__/____].

Notary Public / Clerk of Courts: ______________________________________
My commission expires: [__/__/____]

8. CERTIFICATE OF DELIVERY / FILING

A copy of this inventory was promptly made available, by mail or delivery, to each interested person who requested it (SDCL § 29A-3-706). The original ☐ was ☐ was not filed with the Clerk of Courts, [____] Judicial Circuit, [COUNTY] County.

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

ATTACHMENTS CHECKLIST

☐ Date-of-death account statements (Schedule C)
☐ Appraiser's report(s) with name/address indicated per item (SDCL § 29A-3-707)
☐ Real-estate valuation / legal descriptions (Schedule A)
☐ Supplementary inventory for after-discovered or corrected items (SDCL § 29A-3-708)
☐ Proof of delivery to interested persons who requested a copy
☐ List of demands for notice on file (SDCL § 29A-3-204)

SOURCES AND REFERENCES

• SDCL § 29A-3-706 — Duty of personal representative; inventory and appraisement; within 6 months of appointment or 9 months after death, whichever is later; FMV at date of death; copy to interested persons on request; original may be filed with the court.
• SDCL § 29A-3-707 — Employment of appraisers; PR may employ a qualified and disinterested appraiser; names/addresses indicated per item.
• SDCL § 29A-3-708 — Supplementary inventory for after-discovered/erroneous items.
• SDCL § 29A-3-603 — Personal representative; bond not required; exception.
• SDCL § 29A-3-204 — Demand for notice of order or filing concerning decedent's estate.
• SDCL § 29A-1-310 — Filed probate documents deemed to include an oath, affirmation, or truth statement; deliberate falsification may incur perjury penalties.
• South Dakota Legislature: https://sdlegislature.gov/Statutes/29A-3-706