STATE OF MICHIGAN

PROBATE COURT
COUNTY

INVENTORY
  AMENDED
(DECEDENT ESTATE)

CASE NO. and JUDGE

Court address              

 

 

 

Court telephone no.

In the matter of 

First, middle, and last name of decedent

Personal representative’s name, address, and telephone no.

Personal representative’s attorney, bar no., address, and telephone no.

I, 

Name (type or print)

 , personal representative, submit the following as a 

complete and accurate inventory of all the assets of the estate and the fair market valuations as of 

 .

Date of death

PERSONAL PROPERTY AND REAL PROPERTY DESCRIPTION If property has been used to secure a loan (including an equity line of 
credit), show the nature and amount of the lien. Definitions and instructions for completing the inventory are on page 2 of this form. The 
values of all property are calculated as of the decedent’s date of death. *For real property only, if the date of death is on or after March 28, 
2013, the gross value of a parcel can be reduced by any lien amount on that parcel; however, the remaining inventory value of that parcel 
cannot be less than zero. For personal property, the gross value and inventory value are the same. (Attach separate sheet if necessary.) 
Inventory value (less lien)*
Legal description of real property

Lien amount

Gross value

Legal description of real property

Gross value

Lien amount

Inventory value (less lien)*

Description of personal property

Gross value

Lien amount

Inventory value

Description of personal property

Gross value

Lien amount

Inventory value

Description of personal property

Gross value

Lien amount

Inventory value

Description of personal property

Gross value

Lien amount

Inventory value

Description of personal property

Gross value

Lien amount

Inventory value

Totals

Total Gross Value

Total Inventory Value

I declare under the penalties of perjury that this inventory has been examined by me and that its contents are true to the 
best of my information, knowledge, and belief.

 

                     

Attorney signature

   

Date

       

Signature

PCS Code: INVTCS Code: INVFApproved, SCAOForm PC 577, Rev. 9/20MCL 700.3706, MCL 700.3707, MCR 5.307, MCR 5.310, MCR 5.409(B)Page 1 of 2DEFINITIONS:

•  Real property means land, including a building or house that is built on the land.

•  Personal property means everything that a person owns except real property. Personal property includes bank accounts
    and checking accounts.

INSTRUCTIONS TO COMPLETE THE INVENTORY:

1. List all real and personal property in the column "Personal Property and Real Property Description."

2. When listing real property, provide the legal description of the property and the name of any other owner. 

  a. If real property has been used to secure a loan (including an equity line of credit), show the nature and amount of the lien,
         and reduce the gross value (value as of date of death) by the amount of the lien, but the inventory value cannot be less 
 

    than zero. 

  b. If the value of real property is determined by an appraisal, include the appraiser's name and address and a description of
         the property appraised.

  c.  If this form is filed in a guardianship, real property that the ward owns jointly or in common with others must be listed along 
    with the type of ownership. The court may require additional information to support the value of property that is stated in 
 
    the inventory.
 

  d. For each parcel of real property, calculate the value individually.

3. When listing personal property, provide enough detail to adequately determine the value. Some items should be listed
  separately and some items should be combined under one category. Provide the name and address of each financial
 
    used most frequently by the personal representative.  

institution listed. The address of a financial institution shall be either that of the institution's main headquarters or the branch

  Do not provide financial account numbers on this form. If an account number is necessary to distinguish between accounts, 
  put it on form MC 97.

  b. Examples of items that can be listed in categories are household items such as dishes, flatware, curtains, linens, utensils, 
 

    clothing, furnishings, etc. These items can be grouped into several categories or combined into one category.

  c.  If personal property has been used to secure a loan, show the nature and amount of the lien, but do not deduct the lien
 

    amount from the gross value (value as of the date of death) of any item of personal property.

  d. If the value of personal property is determined by an appraisal, include the appraiser's name and address and a description
 

    of the property appraised.

  e. If this form is filed in a guardianship, personal property that the ward owns jointly or in common with others must be listed
    along with the type of ownership. The court may require additional information to support the value of property that is
 
    stated in the inventory.
 

   

  a. Examples of items that should be listed and valued separately are:
 
 
 
 
 

    • Automobiles 
    • Jewelry    
    • Bank accounts 
    • Antiques  
    • Any other individual item of high value

• Life insurance if payable to the estate
• Annuities
• Mutual funds
• Stocks and bonds