The estate inventory form is created during the acquisition of real estate property. This could be newly acquired or an inherited property. The fundamental purpose of such a form is to keep an account of the different particulars and values of the estate property. Such a form must contain proper provisions which will include property description, the location of the property, the current market value, and the different items, transactions of any kind and the overall value of the estate. It is very essential that this is filled up by a realtor. All values are subject to change according to market conditions and thus, need to be kept up to date.
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Estate Inventory Form
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