Inventories in Probate and Trust Administration

Must administrators prepare formal inventories in probate and trust administration? Does every case require employment of a professional appraiser? Is an inventory public, so that anyone can know what was left to whom? How about beneficiaries, or family members who were left out of the will or trust? In this podcast episode, we discuss the nature of inventories in probate and trust administration. We explain that few inventories need to be filed as part of any public record. And there’s more good news: a full appraisal of asset values is seldom required.