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
| Field | Detail |
|---|---|
| IN THE MATTER OF THE ESTATE OF: | [DECEDENT FULL LEGAL NAME], also known as [AKA, if any], Deceased |
| Circuit Court | [____] Judicial Circuit, [COUNTY] County, South Dakota |
| File / Case No. | [____________________________________] |
| Type of Inventory | ☐ Original ☐ Supplementary (§ 29A-3-708) ☐ Amended |
| Administration | ☐ Informal ☐ Formal ☐ Supervised ☐ Testate ☐ Intestate |
2. PERSONAL REPRESENTATIVE INFORMATION
| Field | Detail |
|---|---|
| Name | [PERSONAL REPRESENTATIVE FULL LEGAL NAME] |
| Capacity | ☐ Executor / Personal Representative ☐ Administrator ☐ Successor PR ☐ Co-PR |
| Mailing Address | [STREET ADDRESS], [CITY], South Dakota [ZIP CODE] |
| Telephone / Email | [________________________________] |
| Date of Appointment (letters issued) | [__/__/____] |
3. 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, South Dakota |
| Marital Status at Death | ☐ Married ☐ Single ☐ Widowed ☐ Divorced |
| Social Security No. (last 4) | XXX-XX-[____] |
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: $[________________].
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.
| Appraiser (if any) | Items Appraised | Address |
|---|---|---|
| [____________________] | [____________________] | [____________________] |
SCHEDULE A — REAL PROPERTY
| # | Description / Street Address | County & Legal Description | Date-of-Death FMV | Encumbrance |
|---|---|---|---|---|
| A-1 | [________________________________] | [____________________] | $[________________] | [________________] |
| A-2 | [________________________________] | [____________________] | $[________________] | [________________] |
Schedule A Subtotal (gross FMV): $[________________]
SCHEDULE B — TANGIBLE PERSONAL PROPERTY
| # | Item Description | VIN / Serial / Identifier | Date-of-Death FMV |
|---|---|---|---|
| B-1 | [Vehicle: year/make/model] | [____________________] | $[________________] |
| B-2 | [Household goods & furnishings] | [____________________] | $[________________] |
| B-3 | [Farm machinery / equipment / livestock] | [____________________] | $[________________] |
| B-4 | [Jewelry / art / collectibles / firearms] | [____________________] | $[________________] |
Schedule B Subtotal: $[________________]
SCHEDULE C — CASH, BANK & FINANCIAL ACCOUNTS
| # | Institution | Account Type | Acct No. (last 4) | Balance at Death |
|---|---|---|---|---|
| C-1 | [____________________] | ☐ Checking ☐ Savings ☐ CD ☐ Money Market | [____] | $[________________] |
| C-2 | [____________________] | ☐ Checking ☐ Savings ☐ CD ☐ Money Market | [____] | $[________________] |
| C-3 | Cash on hand | — | — | $[________________] |
Schedule C Subtotal: $[________________]
SCHEDULE D — SECURITIES & BUSINESS INTERESTS
| # | Description (issuer / type / shares or units) | Identifier (CUSIP / acct) | Date-of-Death FMV |
|---|---|---|---|
| D-1 | [Stocks (number of shares / issuer)] | [____________________] | $[________________] |
| D-2 | [Bonds / mutual funds / securities] | [____________________] | $[________________] |
| D-3 | [LLC / partnership / closely held business / mineral interest] | [____________________] | $[________________] |
Schedule D Subtotal: $[________________]
SCHEDULE E — OTHER ASSETS
| # | Description | Identifier / Source | Date-of-Death FMV |
|---|---|---|---|
| E-1 | [Promissory notes / money owed to decedent + security] | [____________________] | $[________________] |
| E-2 | [Claims / causes of action / refunds] | [____________________] | $[________________] |
| E-3 | [Intellectual property / royalties / other] | [____________________] | $[________________] |
Schedule E Subtotal: $[________________]
6. RECAPITULATION / SUMMARY
| Schedule | Category | Total Appraised Value |
|---|---|---|
| A | Real property | $[________________] |
| B | Tangible personal property | $[________________] |
| C | Cash, bank & financial accounts | $[________________] |
| D | Securities & business interests | $[________________] |
| E | Other assets | $[________________] |
| TOTAL GROSS APPRAISED VALUE | $[________________] | |
| Less: Encumbrances | ($[________________]) | |
| NET APPRAISED VALUE | $[________________] |
7. VERIFICATION OF PERSONAL REPRESENTATIVE
I, [PERSONAL REPRESENTATIVE FULL LEGAL NAME], the personal representative of the Estate of [DECEDENT FULL LEGAL NAME], state under penalty of perjury 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.
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.
| Interested Person | Address | Method | Date |
|---|---|---|---|
| [________________________________] | [____________________] | ☐ Mail ☐ Delivery ☐ Email | [__/__/____] |
| [________________________________] | [____________________] | ☐ Mail ☐ Delivery ☐ Email | [__/__/____] |
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.
- Justia: https://law.justia.com/codes/south-dakota/title-29a/chapter-03/section-29a-3-706/
- SD Legislature: https://sdlegislature.gov/Statutes/29A-3-706
About This Template
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.
Important Notice
This template is provided for informational purposes. It is not legal advice. We recommend having an attorney review any legal document before signing, especially for high-value or complex matters.
Last updated: June 2026
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