What belongs in an estate inventory, and what does not

An estate inventory is a list of what there is, with a value and a source. Not a valuation by the software, and not the inheritance tax return. In a file you note, for each entry, where the figure comes from: a statement from the bank, a WOZ, an estate agent, or an estimate by the family.

On the assets side: the home, bank accounts and savings accounts, investments, a car, household contents worth mentioning, and policies with a payout. On the liabilities side: the mortgage, a tax debt, the funeral invoice and other debts that existed on the date of death.

Two valuation dates get mixed if you are not careful. The value on the date of death is the basis for the division and for an indication of the inheritance tax. The value now is what is still in the account after the invoices have been paid. Ervazo keeps those two apart.

A WOZ decision is not a sale price. Put the source with it, and replace the amount once the estate agent has an asking price or a purchase price. Rent and a care unit do not belong in the estate as an asset as a matter of course, unless you yourself make a value of them.

Small items do not need a line each. A line 'household contents, family estimate' is more honest than a list that pretends to be complete. What you do not know, you leave open. An empty entry is better than an invented amount.