Inventory

and Asset Management

Once you have legal authority, your next responsibility is identifying and safeguarding assets.

  • Locate and Inventory All Assets – This includes:

    • Bank accounts

    • Safe deposit boxes

    • Real estate holdings

    • Stocks, bonds, and other investments

    • Personal belongings, such as vehicles, jewelry, and collectibles

    • Life insurance policies and retirement accounts

  • Get Professional Appraisals for Valuable Assets – If the estate includes valuable property like real estate or art, obtain professional appraisals to determine fair market value.

  • Collect Outstanding Debts – If anyone owes money to the deceased, it’s your job to collect those funds on behalf of the estate.

  • Protect Estate Assets – Keep insurance policies current, maintain real estate properties, and make sure assets don’t lose value while probate is ongoing.