Inventory (Cts12965)

There are all sorts of forms executors, beneficiaries, and probate court clerks have to fill out and correspond with during probate and estate settlement, including affidavits, letters, petitions, summons, orders, and notices.

Inventory (Cts12965) is a commonly used form within Alberta. Here’s an overview of what the form is and means, including a breakdown of the situations when (or why) you may need to use it:

Atticus Fast Facts About Inventory (Cts12965)

Sometimes it’s tough to find a quick summary— here’s the important details you should know about Inventory (Cts12965):

• This form pertains to the State of Alberta

Government forms are not typically updated often, though when they are, it often happens rather quietly. While Atticus works hard to keep this information about Alberta’s Form GA2 - Inventory (Cts12965) up to date, certain details can change from time-to-time with little or no communication.

Step 1 - Download the correct Alberta form based on the name and ID if applicable

Double check that you have both the correct form name and the correct form ID. Some Alberta probate forms can look remarkably similar, so it’s best to double, even triple-check that you’re using the right one! Keep in mind that not all States have a standardized Form ID system for their probate forms.

Step 2 - Complete the Document

Fill out all relevant fields in Form GA2, take a break, and then review. Probate and estate settlement processes in AB are long enough to begin with, and making a silly error can push your timeline even farther back. No thank you!

Note: If you don’t currently know all of the answers and are accessing Form GA2 online, be sure to avoid closing the browser tab and potentially losing all your progress (or use a platform like Atticus to help avoid making mistakes).

Step 3 - Have Form GA2 witnessed or notarized (if required)

Some States and situations require particular forms to be notarized. If you have been instructed to get the document notarized or see it in writing on the document, then make sure to hire a local notary. There are max notary fees in the United States that are defined and set by local law. Take a look at our full guide to notary fees to make sure you aren’t overpaying or getting ripped off.

Step 4 - Submit Inventory (Cts12965) to the relevant office

This is most often the local probate court where the decedent (person who passed away) is domiciled (permanently resides) or the institution involved with this particular form (e.g. a bank). Some offices allow you to submit forms online, other’s don’t, and we while we generally recommend going in-person to expedite the process, sometimes that simply isn’t an option.

It’s also a generally good idea to establish a positive working relationship with any probate clerk (unfortunately there’s enough people & process out there making things more difficult and unnecessarily confusing for them), so a best practice is to simply ask the probate clerk proactively exactly how and where they’d prefer you to submit all forms.

Need help getting in touch with a local probate court or identifying a domicile probate jurisdiction?

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Different probate forms or processes can require different deadlines or response times for completing the appropriate form.

While some steps in the process are bound to specific deadlines (like petitioning for probate, having to submit an inventory of assets, or filing applicable notices to creditors and beneficiaries), many probate forms or processes are not tied to a specific deadline since the scope of work can vary based on situational factors or requirements involved.

Either way, there are a bunch of practical reasons why personal representatives should work to complete each step as thoroughly and quickly as possible when completing probate in Alberta.

5 reasons you should submit GA2 as quickly as possible:

1. The sooner you begin, the faster Alberta can allow heirs and beneficiaries to get their share of assets subject to probate. Acting promptly can also decrease the costs & overall mental fatigue through an otherwise burdensome process.
   
   Helpful Context: What’s the Difference Between Probate and Non-Probate Assets?

2. In general, creditors of an estate usually have around 3-6 months from the time you file notice to creditors to file any claims for debt against the deceased’s assets. If they don’t, then that debt is forfeited (and more importantly, the executor won’t be held personally responsible). So doing this sooner means you have a better idea of who is owed what and ensures you won’t get a surprise collector months later.

3. Not filing a will within 30 days (on average) could mean that the probate process proceeds according to intestate laws (laws that govern what happens to someone's stuff without a will) or is subject to unnecessary supervision by the probate court. And if you aren't directly related to the deceased (a.k.a. next of kin), this could also mean you lose your inheritance.

4. It’s important to file any necessary state tax returns on behalf of the deceased or estate by the following tax season in Alberta. If you don’t, you could owe penalties and interest. This also includes any necessary federal tax returns such as Forms 1040, 1041, or even a Form 706 estate tax return.

5. If a house in the State of Alberta is left empty (or abandoned) for a while, insurance can get dicey. For example, if the house burns down and no one has been there for a year, an insurance company may get out of paying your claim.

If you’re not using Atticus to get specific forms, deadlines, and timelines for Alberta probate, then try and stay as organized as possible, pay close attention to the dates mentioned in any correspondence you have with the State’s government officials, call the local Alberta probate clerk or court for exact answers regarding Form GA2, and when in doubt— consult a qualified trust & estates lawyer for that area.

Inventory (Cts12965) is one of the many probate court forms available for download through Atticus.

It may also be available through some Alberta probate court sites, such as . In order to access the latest version, be updated with any revisions, and get full instructions on how to complete each form, check out the Atticus Probate & Estate Settlement software or consider hiring a qualified legal expert locally within Alberta.

While Atticus automatically provides the latest forms, be sure to choose the correct version of Form GA2 - Inventory (Cts12965) f using any other site or resource in order to avoid having to re-complete the form process and/or make another trip to the Alberta probate court office.

Inventory (Cts12965) is a .pdf, so opening it should be as simple as clicking “View Form” from within the Atticus app or by clicking the appropriate link found on any Alberta-provided government platform. Once you’ve opened the form, you should be able to directly edit the form before saving or printing.

Here’s the text, verbatim, that is found on Alberta Form GA2 - Inventory (Cts12965). You can use this to get an idea of the context of the form and what type of information is needed.

Page 1 of 12 Public (when completed) CTS12965 Rev. 2022-11 Form GA 2 Inventory Court File Number Address for Service and Contact Information for Party Filing this Document Address City or Town Province Postal Code Date of Death Estate Name NOTICE TO RECIPIENT OF INVENTORY the “Applicant(s)” A grant application is being made to the Court by in respect of the estate of the “Deceased” . This inventory has been prepared by the Applicant(s) to the best of their ability using information they believe to be accurate and complete. The values shown are as at the date of the Deceased’s death. Where the value of an item has been described as “to be determined”, the Applicant(s) has (have) undertaken to serve an amended inventory when updated information becomes available. This inventory identifies the assets and liabilities of the Deceased wherever they are located. The Court does not review the content of this inventory. It is your responsibility to satisfy yourself as to the accuracy and completeness of this inventory. Concerns about this inventory should be addressed to the Applicant(s). Part 1 - Assets Owned by the Deceased This Part lists the assets owned by the Deceased, including all assets owned by the Deceased as a tenant-in-common, but does not include assets owned jointly by the Deceased. 1.1 Land and Minerals Not applicable Municipal Address or Legal Description Within AlbertaOutside Alberta Estimated Gross ValueTBD Mortgages and Other Financial EncumbrancesTBD Estimated Net Value Municipal Address or Legal Description Within AlbertaOutside Alberta Estimated Gross ValueTBD Mortgages and Other Financial EncumbrancesTBD Estimated Net Value Page 2 of 12 Public (when completed) CTS12965 Rev. 2022-11 1.2 Bank and Investment Accounts Not applicable Financial Institution Within AlbertaOutside Alberta Balance TBD Description Financial Institution Within AlbertaOutside Alberta Balance TBD Description 1.3 Shares in Public or Private Companies Not applicable Company Within AlbertaOutside Alberta Value TBD Description Company Within AlbertaOutside Alberta Value TBD Description 1.4 Annuities, Pensions and Benefit Plans Payable to Estate Not applicable Provider of Annuity/Pension/Benefit Within Alberta Value TBD Provider of Annuity/Pension/Benefit Within Alberta Value TBD Page 3 of 12 Public (when completed) CTS12965 Rev. 2022-11 1.5 Life Insurance Payable to Estate Not applicable Life Insurance Provider Within Alberta ValueTBD Life Insurance Provider Within Alberta ValueTBD 1.6 Household Goods and Personal Effects Not applicable Within AlbertaOutside Alberta Estimated ValueTBD Item Within AlbertaOutside Alberta Estimated ValueTBD Item 1.7 Other Property Not applicable Within AlbertaOutside Alberta Estimated ValueTBD Item Within AlbertaOutside Alberta Estimated ValueTBD Item Within AlbertaOutside Alberta Total Value of Assets Owned by the Deceased Part 2 - Assets owned jointly by the Deceased and persons other than a spouse or adult interdependent partner Page 4 of 12 Public (when completed) CTS12965 Rev. 2022-11 The assets listed below have been identified by the Applicant(s) as being jointly owned by the Deceased and persons other than the Deceased’s spouse or adult interdependent partner. Although this list has been prepared by the Applicant(s) to the best of their ability using available information, the list may not be complete as not all information about the Deceased’s jointly-owned property is necessarily available to the Applicant(s). Succession to a Deceased’s jointly owned assets is governed by the common law. Jointly-owned assets may either form part of the Deceased’s estate or they may pass outside the Deceased’s estate by right of survivorship to the surviving joint owners. Entitlement is generally determined by ascertaining the Deceased’s intentions where possible and by applying certain legal presumptions. Entitlement in each situation depends on its facts. The Applicant(s) must determine whether assets owned jointly by the Deceased and persons other than a spouse or adult interdependent partner form part of the Deceased’s estate or if ownership of the assets passes to the surviving joint owner or owners. However, the decision of the Applicant(s) on these matters is not determinative. If you have concerns about the determinations by the Applicant(s) in this inventory, you may wish to consult with your own lawyers immediately. 2.1 Jointly-Owned Land and Minerals Not applicable Municipal Address or Legal Description Joint asset passes outside of estateJoint asset forms part of estate Joint Owner(s) (if known) Joint Owner(s) (if known) Within AlbertaOutside Alberta Gross ValueTBD Mortgages and Other Financial EncumbrancesTBD Net Value Net Value to Estate (Indicate 0.00 if asset passes outside of estate) TBD Municipal Address or Legal Description Joint asset passes outside of estateJoint asset forms part of estate Joint Owner(s) (if known) Joint Owner(s) (if known) Within AlbertaOutside Alberta Gross ValueTBD Mortgages and Other Financial EncumbrancesTBD Net Value Net Value to Estate (Indicate 0.00 if asset passes outside of estate) TBD Page 5 of 12 Public (when completed) CTS12965 Rev. 2022-11 Municipal Address or Legal Description Joint asset passes outside of estateJoint asset forms part of estate Joint Owner(s) (if known) Within AlbertaOutside Alberta Gross ValueTBD Mortgages and Other Financial EncumbrancesTBD Net Value Net Value to Estate (Indicate 0.00 if asset passes outside of estate) TBD 2.2 Jointly-Owned Bank and Investment Accounts Not applicable Financial Institution Description Joint asset passes outside of estateJoint asset forms part of estate Joint Owner(s) (if known) Within AlbertaOutside Alberta BalanceTBD Value to Estate (Indicate 0.00 if asset passes outside of estate)TBD Financial Institution Description Joint asset passes outside of estateJoint asset forms part of estate Joint Owner(s) (if known) Joint Owner(s) (if known) Page 6 of 12 Public (when completed) CTS12965 Rev. 2022-11 Within AlbertaOutside Alberta Balance TBD Value to Estate (Indicate 0.00 if asset passes outside of estate) TBD Financial Institution Description Joint asset passes outside of estateJoint asset forms part of estate Joint Owner(s) (if known) Within AlbertaOutside Alberta Balance TBD Value to Estate (Indicate 0.00 if asset passes outside of estate) TBD Financial Institution Description Joint asset passes outside of estateJoint asset forms part of estate Joint Owner(s) (if known) Joint Owner(s) (if known) Within AlbertaOutside Alberta Balance TBD Value to Estate (Indicate 0.00 if asset passes outside of estate) TBD Financial Institution Description Joint asset passes outside of estateJoint asset forms part of estate Joint Owner(s) (if known) Joint Owner(s) (if known) Page 7 of 12 Public (when completed) CTS12965 Rev. 2022-11 Within AlbertaOutside Alberta Balance TBD Value to Estate (Indicate 0.00 if asset passes outside of estate) TBD Financial Institution Description Joint asset passes outside of estateJoint asset forms part of estate Joint Owner(s) (if known) Joint Owner(s) (if known) Within AlbertaOutside Alberta Balance TBD Value to Estate (Indicate 0.00 if asset passes outside of estate) TBD Financial Institution Description Joint asset passes outside of estateJoint asset forms part of estate Joint Owner(s) (if known) Within AlbertaOutside Alberta Balance TBD Value to Estate (Indicate 0.00 if asset passes outside of estate) TBD 2.3 Jointly-Owned Shares in Public or Private Companies Not applicable Company Description Joint asset passes outside of estateJoint asset forms part of estate Joint Owner(s) (if known) Page 8 of 12 Public (when completed) CTS12965 Rev. 2022-11 Within AlbertaOutside Alberta Value TBD Value to Estate (Indicate 00.0 if asset passes outside of estate) TBD Company Description Joint asset passes outside of estateJoint asset forms part of estate Joint Owner(s) (if known) Within AlbertaOutside Alberta Value TBD Value to Estate (Indicate 00.0 if asset passes outside of estate) TBD Company Description Joint asset passes outside of estateJoint asset forms part of estate Joint Owner(s) (if known) Within AlbertaOutside Alberta Value TBD Value to Estate (Indicate 00.0 if asset passes outside of estate) TBD 2.4 Jointly-Owned Household Goods and Personal Effects Not applicable Item Joint asset passes outside of estateJoint asset forms part of estate Joint Owner(s) (if known) Joint Owner(s) (if known) Page 9 of 12 Public (when completed) CTS12965 Rev. 2022-11 Within AlbertaOutside Alberta Value TBD Value to Estate (Indicate 0.00 if asset passes outside of estate) TBD Item Joint asset passes outside of estateJoint asset forms part of estate Joint Owner(s) (if known) Joint Owner(s) (if known) Within AlbertaOutside Alberta Value TBD Value to Estate (Indicate 0.00 if asset passes outside of estate) TBD Item Joint asset passes outside of estateJoint asset forms part of estate Joint Owner(s) (if known) Within AlbertaOutside Alberta Value TBD Value to Estate (Indicate 0.00 if asset passes outside of estate) TBD 2.5 Other Jointly-Owned Property Not applicable Item Joint asset passes outside of estateJoint asset forms part of estate Joint Owner(s) (if known) Joint Owner(s) (if known) Page 10 of 12 Public (when completed) CTS12965 Rev. 2022-11 Within AlbertaOutside Alberta Value TBD Value to Estate (Indicate 0.00 if asset passes outside of estate) TBD Item Joint asset passes outside of estateJoint asset forms part of estate Joint Owner(s) (if known) Within AlbertaOutside Alberta Value TBD Value to Estate (Indicate 0.00 if asset passes outside of estate) TBD Item Joint asset passes outside of estateJoint asset forms part of estate Joint Owner(s) (if known) Within AlbertaOutside Alberta Value TBD Value to Estate (Indicate 0.00 if asset passes outside of estate) TBD Item Joint asset passes outside of estateJoint asset forms part of estate Joint Owner(s) (if known) Within AlbertaOutside Alberta Value TBD Value to Estate (Indicate 0.00 if asset passes outside of estate) TBD Item Joint asset passes outside of estateJoint asset forms part of estate Joint Owner(s) (if known) Page 11 of 12 Public (when completed) CTS12965 Rev. 2022-11 Within AlbertaOutside Alberta ValueTBD Value to Estate (Indicate 0.00 if asset passes outside of estate)TBD Within AlbertaOutside Alberta Total Jointly-Owned Assets that Form Part of the Deceased’s Estate Part 3 - Liabilities (excluding mortgages) Not applicable Description Estimated Value Description Estimated Value Deceased’s total liabilities (excluding mortgages) Page 12 of 12 Public (when completed) CTS12965 Rev. 2022-11 Part 4 - Net Value of Estate The net value of the Deceased’s estate is determined by adding the Deceased’s total assets (Part 1) and the total jointly-owned assets that form part of the Deceased’s estate (Part 2), then subtracting the Deceased’s liabilities (Part 3). Within AlbertaOutside Alberta Total value of the assets owned by the Deceased Indicate the total determined under Part 1 Total jointly-owned assets forming part of the Deceased’s estate Indicate the total determined under Part 2 Total value of the Deceased’s assets Calculate the total value of the Deceased’s assets within and outside Alberta by adding the total value of the assets owned by the Deceased to the total jointly-owned assets forming part of the Deceased’s estate Total liabilities of the Deceased (excluding mortgages) Indicate the total determined under Part 3 Net value of the Deceased’s estate within Alberta Calculate the net value of the Deceased’s estate in Alberta by deducting the total liabilities of the Deceased (excluding mortgages) from the total value of the Deceased’s assets within Alberta Net value of Deceased’s estate Calculate the net value of the Deceased’s estate by adding the total value of the Deceased’s assets outside Alberta to the net value of the Deceased’s estate within Alberta Date yyyy-mm-ddSignature of Applicant(s)