Estate - Inventory

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.

Estate - Inventory is a commonly used form within Tennessee. 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 Estate - Inventory

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

• This form pertains to the State of Tennessee

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 Tennessee’s Form Estate - Inventory up to date, certain details can change from time-to-time with little or no communication.

Step 1 - Download the correct Tennessee 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 Tennessee 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 Estate - Inventory, take a break, and then review. Probate and estate settlement processes in TN 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 Estate - Inventory 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 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 Estate - Inventory 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?

👉 Find and Contact your Local Probate Court

👉 What is a Domicile 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 Tennessee.

5 reasons you should submit this form as quickly as possible:

1. The sooner you begin, the faster Tennessee 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 Tennessee. 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 Tennessee 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 Tennessee 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 Tennessee probate clerk or court for exact answers regarding Form Estate - Inventory, and when in doubt— consult a qualified trust & estates lawyer for that area.

Estate - Inventory is one of the many probate court forms available for download through Atticus.

It may also be available through some Tennessee 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 Tennessee.

While Atticus automatically provides the latest forms, be sure to choose the correct version of Form Estate - Inventory 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 Tennessee probate court office.

Estate - Inventory 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 Tennessee-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 Tennessee Form Estate - Inventory. You can use this to get an idea of the context of the form and what type of information is needed.

Estate Inventory Page 1 of 5 5/25/16 In the Circuit Court of Davidson County, Tennessee (Probate Division) ESTATE INVENTORY IN THE ESTATE OF: DOCKET NO: PERSONAL PROPERTY Except as directed below, list all personal property of the Decedent of whatever kind. If the Decedent owned no interest in any category, place an “x” in the appropriate position in the column labeled “None.” If additional space is needed in any category, attach a separate sheet properly identified with the case name, case number, and the number of the category. If the Decedent was married, state whether the husband, wife, or both own the property by placing an “H,” “W” or “J” in the column labeled “Husband, Wife or Joint.” If the property is being held for the Decedent by someone else, state that person’s name and address under “Description and Location of Property.” TYPE OF PROPERTY N O N E HUSBAND WIFE / JOINT DESCRIPTION AND LOCATION OF PROPERTY (Continuation Sheets May Be Attached) CURRENT ESTIMATED VALUE OF DECEDENT’S INTEREST IN PROPERTY, WITHOUT DEDUCTING ANY ENCUMBRANCES 1. Cash on hand. __ __ $ 2. Checking, savings or other __ __ $ financial accounts, certifi- __ __ $ cates of deposit or shares __ __ $ in banks, savings and loan, __ __ $ thrift, building and loan, and __ __ $ home-stead associations, __ __ $ or credit unions, brokerage __ __ $ houses or cooperatives. __ __ $ Please itemize each acct __ __ $ and give particulars. __ __ $ 3. Security deposits with __ __ $ public utilities, telephone __ __ $ companies, landlords, __ __ $ and others. __ __ $ 4. Household goods and __ __ $ furnishings, including __ __ $ audio, video, and __ __ $ computer equipment. __ __ $ 5. Books; pictures and other __ __ $ art objects; antiques; __ __ $ stamp, coin, record, and __ __ $ other collectibles. __ __ $ Estate Inventory Page 2 of 5 5/25/16 6. Safety deposit box. __ __ $ Please itemize contents. __ __ $ 7. Furs and jewelry. Please __ __ $ itemize and give particulars. __ __ $ 8. Firearms and sports, __ __ $ photographic, and other __ __ $ hobby equipment. __ __ $ 9. Interests in insurance __ __ $ policies. Name insurance __ __ $ company of each policy __ __ $ and itemize surrender or __ __ $ refund value of each. __ __ $ 10. Annuities. Itemize and __ __ $ name each issuer. __ __ $ 11. Interests in IRA, ERISA, __ __ $ Keogh, or other pension __ __ $ or profit sharing plans. __ __ $ Please itemize. __ __ $ 12. Stock and interests in __ __ $ incorporated and unin- __ __ $ corporated businesses. __ __ $ Please itemize. __ __ $ 13. Interests in partnerships __ __ $ or joint ventures. Itemize. __ __ $ 14. Government and __ __ $ corporate bonds and __ __ $ other negotiable and non- __ __ $ negotiable instruments. __ __ $ Please itemize. __ __ $ 15. Accounts receivable. __ __ $ 16. Alimony, maintenance, __ __ $ support, and property __ __ $ settlements to which the __ __ $ Decedent is or may be __ __ $ entitled. Give particulars. __ __ $ 17. Other liquidated debts owed __ __ $ to Decedent, including tax __ __ $ refunds. Give particulars. __ __ $ 18. Contingent and non- __ __ $ contingent interests in __ __ $ estate of a decedent, __ __ $ death benefit plan, life __ __ $ insurance policy, or trust. __ __ $ Estate Inventory Page 3 of 5 5/25/16 19. Other contingent and __ __ $ unliquidated claims of __ __ $ every nature, including tax __ __ $ refunds, counterclaims of __ __ $ the Decedent, and rights to __ __ $ setoff claims. Give __ __ $ estimated value of each. __ __ $ 20. Patents, copyrights, __ __ $ royalties, and other __ __ $ intellectual property. __ __ $ Give particulars. __ __ $ 21. Licenses, franchises, and __ __ $ other general intangibles. __ __ $ Give particulars. __ __ $ 22. Automobiles, trucks, __ __ $ trailers, and other __ __ $ vehicles and accessories. __ __ $ Please itemize. __ __ $ 23. Boats, motors, __ __ $ and accessories. __ __ $ Please itemize. __ __ $ 24. Aircraft and accessories. __ __ $ 25. Office equipment, __ __ $ furnishings and supplies. __ __ $ 26. Machinery, fixtures, __ __ $ equipment, inventory, and __ __ $ supplies used in business. __ __ $ 27. Livestock. __ __ $ 28. Crops – growing or __ __ $ harvested. Give particulars. __ __ $ 29. Farming equipment __ __ $ and implements. __ __ $ 30. Farm supplies, __ __ $ chemicals, and feed. __ __ $ 31. Other personal property __ __ $ of any kind not already __ __ $ listed. Please itemize. __ __ $ ___ continuation sheets attached. Total from attachments > $ TOTAL PERSONAL PROPERTY > $ Estate Inventory Page 4 of 5 5/25/16 REAL PROPERTY Except as directed below, list all real property in which the Decedent has any legal or equitable interest, including all property owned as a co-tenant or community property. If the Decedent was married, state whether the husband, wife, or both own the property by placing an “H,” “W” or “J” in the column labeled “Husband, Wife or Joint.” If the Decedent held no interest in real property, write “None” under “Description and Address of Property.” DESCRIPTION AND ADDRESS OF PROPERTY LIENHOLDER (if applicable) HUSBAND WIFE / JOINT CURRENT VALUE OF DECEDENT’S INTEREST IN PROPERTY, WITHOUT DEDUCTING ANY ENCUMBRANCES 1. $ 2. $ 3. $ 4. $ 5. $ 6. $ 7. $ 8. $ 9. $ TOTAL REAL PROPERTY > $ The foregoing is a full, true and perfect Inventory of all of the goods and chattels, rights and credits of this Estate which have come to my knowledge or possession to the best of my knowledge and belief, this ____ day of ______________, 20____. Signature of PERSONAL REPRESENTATIVE Sworn to and subscribed before me, this _________ day of , 20______. NOTARY PUBLIC My Commission Expires: RICHARD R. ROOKER, Clerk By: D.C. APPROVED FOR RECORDING By: Probate Judge / Probate Master Estate Inventory Page 5 of 5 5/25/16 CERTIFICATE OF SERVICE [YOU MUST MAIL A COPY OF THIS ENTIRE DOCUMENT TO ALL INTERESTED PARTIES AND COMPLETE THIS CERTIFICATE VERIFYING THE DATE MAILED AND PARTIES IT WAS MAILED TO.] I hereby certify that a true and exact copy of the foregoing Inventory has been served by U.S. Mail, postage prepaid, upon the interested parties listed below. (SIGNATURE) DATE: NAME: ADDRESS: NAME: ADDRESS: NAME: ADDRESS: NAME: ADDRESS: NAME: ADDRESS: NAME: ADDRESS: NAME: ADDRESS: NAME: ADDRESS: [ADD ADDITIONAL PAGE(S) FOR LISTING OF INTERESTED PARTIES, IF NECESSARY]