Free Microsoft Word - 350PC.dot - South Carolina

STATE OF SOUTH CAROLINA COUNTY OF: IN THE MATTER OF:

) ) ) ) ) )

IN THE PROBATE COURT INVENTORY AND APPRAISEMENT CASE NUMBER:

ORIGINAL SUPPLEMENTAL #
Personal Representative (s): Decedent's Social Security Number: Decedent's Date of Death: Was there a will? Domicile at death:
(county) (state)

YES

NO

The undersigned, being sworn, states: That the following schedules contain a complete and accurate inventory and appraisement of all real and personal property of this estate so far as the undersigned is informed: that he/she has estimated and/or appraised all listed property at its fair market value, according to the best of his/her knowledge and ability.

SWORN to me this , 20

day of .

Signature: Name: Address: E-Mail: Telephone (O): (H): Signature Name: Address: E-Mail: Telephone (O): (H):

Notary Public for South Carolina My Commission Expires:

Attorney: Address: E-Mail: Telephone:

For estates of decedents, the gross fair market valuation of all assets, regardless of situs, should be given as of the date of death. List all out-of-state assets on appropriate schedules. A Supplemental Inventory should be utilized for correcting, adjusting or adding to an original inventory. A qualified and disinterested appraiser may be employed to ascertain the value of any asset, the value of which may be subject to reasonable doubt. If an appraiser is employed, his/her name and address should be indicated with the item or items he/she appraised. Within ninety (90) days following appointment, a copy of the inventory and appraisement shall be sent to each interested person who requests it, and the original inventory filed with the Probate Court.

RECAPITULATION
Non-Probate Schedule A - Real Estate .......................................................................................... $ Schedule B - Stocks and Bonds ................................................................................... Schedule C - Notes Due Decedent and Cash ................................................................ Schedule D - Insurance on Person's Life: Part 1 - Payable to Estate ................................. Part 2 - Payable to Beneficiary ............................. Schedule E - Jointly Owned Property ................................................................................. Schedule F - Other Miscellaneous .................................................................................. Other Assets Payable to Estate Schedule G - Transfers during Decedent's life .................................................................. Schedule H - Powers of Appointment ............................................................................ Schedule I - Annuities and Retirement Accounts .............................................................. TOTAL GROSS VALUE ............................................................................................. ENCUMBRANCES ............................................................................................. TOTAL NET WORTH ................................................................................................ $ Probate

$ ( $

)

FORM #350PC (2/2004) 62-3-704, 62-3-706, 62-3-707, 62-3-708, 62-3-1203

Page 1 of 8

NOTE: WHEN COMPLETING THE FOLLOWING SCHEDULES, PLEASE REMEMBER TO LIST ALL ASSETS, REGARDLESS OF SITUS. ALL OUT-OF-STATE ASSETS MUST BE DISCLOSED. SCHEDULE A - Real Estate
Item No. (All interest in real property except those held with right of survivorship) (If none, so state.) (For jointly owned property with right of survivorship, see schedule E) Description (include county and state) Tax Assessor's Fair Market Value for year of Decedent's Death Appraised Value Appraised Value of Decedent's Interest

TOTAL SCHEDULE A
(also enter under recapitulation, page 1)

$
(If none, so state.) (For jointly owned property with right of survivorship, see schedule E) Face Value Appraised Value

SCHEDULE B - Stocks and Bonds
Item No. Description

TOTAL SCHEDULE B
(also enter under recapitulation, page 1)

$
(If none, so state.) (For jointly owned property with

SCHEDULE C - Notes due to Decedent, and Money on hand and in banks
right of survivorship, see schedule E) Item No. Description

Value

TOTAL SCHEDULE C
(also enter under recapitulation, page 1)

$
(If more space is required, insert tax schedules or additional sheets of same size.)

FORM #350PC (2/2004)

Page 2 of 8

SCHEDULE D - Insurance
Item No. Description

(If none, so state.) Part 1 - Life Insurance Payable to the Estate Value

TOTAL PART 1
(also enter under recapitulation, page 1)

$

Part 2 - Life Insurance Payable to Beneficiaries Item No. Description Beneficiary Value

TOTAL PART 2
(also enter under recapitulation, page 1)

$

SCHEDULE E - Jointly owned Property

(with right of survivorship) (if none, so state.)
NOTE: You must complete Schedule E if the Decedent owned any property jointly with right of survivorship at the time of death, whether or not the
decedent's interest is included in the gross estate.
Percentage includible:
1 - Joint interest held by decedent and spouse - the amount included is one-half (50%) of the value in all cases.
2 - Other joint interest - Generally you must include the full value of the jointly owned property in the gross estate. However, the full value should not be
included if you can show that a part of the property originally belonged to the other tenant(s). The amount included is the amount of the decedent's
contribution to the joint account(s).
Item No. Description Joint Owner(s) Percentage Includible Appraised Value of Decedent's Interest

TOTAL SCHEDULE E
(also enter under recapitulation, page 1)

$
(If more space is required, insert tax schedules or additional sheets of same size.)

FORM #350PC (2/2004)

Page 3 of 8

FORM #350PC (2/2004)

Page 4 of 8

SCHEDULE F - Miscellaneous Personal Property -

(tangible personal property, employment bonus or award, interest in a partnership or unincorporated business, articles or collections having either artistic or intrinsic value, etc.) (If none, so state.) (For jointly owned property with right of survivorship, see schedule E.) Item No. Description Value

TOTAL SCHEDULE F
(also enter under recapitulation, page 1)

$

NOTE: FOR SCHEDULES G, H, AND I. LIST VALUES ONLY IF PAYABLE TO ESTATE. SCHEDULE G - Transfers During Decedent's Life - Transfers intended to take effect at death.
United States Government Bonds "Payable on Death", Trust created by Decedent in which income for life was retained, power to revoke or other incidents of ownership retained, life insurance transfers. Lifetime transfers of real property in which decedent retains a life estate or other incidents of ownership.

Did Decedent make any transfers during lifetime as described above? If "yes" please give date and type of transfer and list total amount payable to estate: (If more space is required, insert additional sheet of same size.)

YES

NO

TOTAL SCHEDULE G
(also enter amounts payable to estate under recapitulation, page 1)

$
(If more space is required, insert tax schedules or additional sheets of same size.)

FORM #350PC (2/2004)

Page 5 of 8

SCHEDULE H - Powers of Appointment - Property, both real and personal, over which Decedent possessed a Power of Appointment whether
Testamentary or otherwise.

Did Decedent possess a Power of Appointment?

YES

NO
YES NO

If "yes", did Decedent exercise the power of appointment in favor of estate?
If "yes", please describe and list total amount payable to estate. (If more space is required, insert additional sheets of same size.) $

TOTAL SCHEDULE H
(also enter amounts payable to estate under recapitulation, page 1)

$

SCHEDULE I - Annuities and retirement (IRA's, 401(k), Etc.)
Did Decedent own any accounts as described above? YES NO YES NO

If "yes", is the estate designated as the beneficiary of these accounts? If "yes", please describe and list total amount payable to estate. $ (If more space is required, insert additional sheets of same size.)

FORM #350PC (2/2004)

Page 6 of 8

TOTAL SCHEDULE I
(also enter amounts payable to estate under recapitulation, page 1)

$
(If more space is required, insert tax schedules or additional sheets of same size.)

ENCUMBRANCES Item No.

(e.g., mortgages, liens, judgments, etc., but not general debts of the estate) - List specific assets encumbered. Description & Amount

Schedule & Item Number Encumbered Thereby

TOTAL ENCUMBRANCES
(also enter under recapitulation, page 1)

$

MANIFESTLY NON-TAXABLE
(To be executed by the Probate Court Judge in those cases where it appears that the estate is NOT REPORTABLE to the South Carolina Tax Commission under the provisions of the Estate Tax Laws of the State of South Carolina, i.e., the total gross value is indicated to be less than prescribed limits.) It appears from the foregoing record of the above captioned estate on file in the Probate Court of this county, such estate is not reportable to the South Carolina Department of Revenue.

Executed this

day of

, 20

.

, Probate Judge

FORM #350PC (2/2004)

Page 7 of 8

(If more space is required, insert tax schedules or additional sheets of same size.)

FORM #350PC (2/2004)

Page 8 of 8