Estate Inventory and Appraisement (Vermont)

IMPORTANT: VERMONT PROVIDES A STATEWIDE INVENTORY FORM

The Vermont Judiciary publishes a statewide Inventory form for decedents' estates,
available at https://www.vermontjudiciary.org/media/7725 (see also the probate forms index
at https://www.vermontjudiciary.org/probate/wills-and-estates). This template provides the
substantive legal content to help you organize and value estate assets; you should transfer
your content onto, or file it together with, the Judiciary's form. Verify you are using the
current version before filing.

INVENTORY AND APPRAISEMENT OF THE ESTATE

STATE OF VERMONT, SUPERIOR COURT, PROBATE DIVISION — [COUNTY] UNIT

1. EXECUTOR / ADMINISTRATOR INFORMATION

2. DECEDENT INFORMATION

3. STATEMENT OF DUTY AND FILING DEADLINE

Pursuant to 14 V.S.A. § 1051, within 60 days after appointment, an executor or administrator — who is not a special administrator or a successor to another representative 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 for each listed item its fair market value as of the date of the decedent's death and the type and amount of any lien or encumbrance that may exist with reference to any item.

Under § 1051, the executor or administrator shall file the original of the inventory with the Probate Division of the Superior Court, and shall serve copies as provided by the Vermont Rules of Probate Procedure. The time for filing may be extended by the court for good cause.

☐ This inventory is filed within 60 days after appointment.
☐ The court has granted additional time to [__/__/____] for good cause.

4. APPRAISAL METHOD (14 V.S.A. § 1052)

Each item is listed at its fair market value as of the date of the decedent's death. Under 14 V.S.A. § 1052, the executor or administrator may employ one or more qualified and disinterested appraisers to assist in ascertaining the fair market value (as of the date of death) of any assets whose value may be subject to reasonable doubt. The names and addresses of any appraisers are indicated on this inventory with the item or items appraised (see § 7, Appraiser's Certificate).

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: $[________________]

5. RECAPITULATION / SUMMARY

6. VERIFICATION OF EXECUTOR / ADMINISTRATOR

I, [EXECUTOR / ADMINISTRATOR FULL LEGAL NAME], the executor/administrator of the Estate of [DECEDENT FULL LEGAL NAME], swear (or affirm) under penalty of perjury under the laws of the State of Vermont that I have made a diligent search and reasonable inquiry for the property of the decedent; that the foregoing is a true and complete inventory of all property owned by the decedent at the time of death that has come to my knowledge or possession; and that the fair market values stated are true and correct as of the date of the decedent's death, to the best of my knowledge and belief.

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

Signature: ______________________________________

Printed Name: [EXECUTOR / ADMINISTRATOR FULL LEGAL NAME]

Subscribed and sworn before me on [__/__/____].

Notary / Court Officer: ______________________________________ My commission expires: [__/__/____]

7. APPRAISER'S CERTIFICATE (14 V.S.A. § 1052 — if appraiser employed)

I, the undersigned, am a qualified and disinterested appraiser employed by the executor/administrator under 14 V.S.A. § 1052. I certify that I have appraised, to the best of my ability, the items identified above at their fair market value as of the date of the decedent's death.

Appraiser Signature: ______________________________________
Printed Name: [APPRAISER NAME] Address: [____________________] Date: [__/__/____]
Items appraised: [____________________] Appraisal fee: $[________________]

8. CERTIFICATE OF SERVICE / FILING

The original of this inventory and appraisement is filed with the Superior Court, Probate Division, [COUNTY] Unit (14 V.S.A. § 1051). Copies have been served as provided by the Vermont Rules of Probate Procedure.

Signature: ______________________________________
Printed Name: [EXECUTOR / ADMINISTRATOR / ATTORNEY NAME]
Vermont Bar No.: [________________] (if attorney)
Address / Telephone / Email: [________________________________]

ATTACHMENTS CHECKLIST

☐ Vermont Judiciary statewide Inventory form (https://www.vermontjudiciary.org/media/7725)
☐ Inventory and appraisement (Schedules A–E) (14 V.S.A. § 1051)
☐ Appraiser's report / certificate, if appraiser employed (§ 1052)
☐ Date-of-death account statements, deeds, and titles supporting valuations
☐ Supplemental inventory for after-discovered property (§ 1053)
☐ Proof of service of copies under the Vermont Rules of Probate Procedure

SOURCES AND REFERENCES

• 14 V.S.A. § 1051 — Inventory (within 60 days; FMV at date of death; filed with the Probate Division of the Superior Court; copies served per Rules of Probate Procedure; extension for good cause).
• 14 V.S.A. § 1052 — Appraisers (may employ qualified and disinterested appraisers; names/addresses on the inventory).
• 14 V.S.A. § 1053 — Supplemental inventory.
• Vermont Judiciary, Wills and Estates / Probate forms: https://www.vermontjudiciary.org/probate/wills-and-estates
• VTLawHelp.org, "Fill Out an Inventory for an Estate in Probate": https://www.vtlawhelp.org/fill-out-inventory-estate-probate