Inventory in Florida Probate
The inventory is a formal asset listing required in Florida probate proceedings. Under Florida Probate Rule 5.340, the personal representative must file the inventory within 60 days of appointment, cataloging all probate assets with their estimated fair market values.
What’s Included
- Real property (legal descriptions, addresses, values)
- Personal property (vehicles, jewelry, art, collectibles)
- Financial accounts in decedent’s individual name
- Business interests (LLC, corporate stock, partnership)
- Intellectual property and accounts receivable
- Digital assets
What’s Excluded
- Revocable trust assets (pass outside probate)
- Jointly held assets with survivorship rights
- Assets with beneficiary designations (retirement accounts, life insurance)
- TOD/POD accounts
Valuation
Assets valued at fair market value as of the date of death (or alternate valuation date for estate tax purposes).
Failure to File
Court may compel filing, remove the personal representative, or hold in contempt. Beneficiaries can petition to compel.
Related Terms
- Probate — Estate administration
- Personal Representative — Estate administrator
- Estate Planning — Asset transfer planning
Barnes Walker Probate
Barnes Walker’s attorneys assist personal representatives with inventory preparation and probate administration in Manatee and Sarasota counties. Request a legal inquiry for assistance.
Reviewed by the attorneys at Barnes Walker, Goethe, Shea & Robinson, PLLC