Form 350PC Inventory and Appraisement Form - South Carolina

Form 350PC or the "Inventory And Appraisement Form" is a form issued by the South Carolina Judicial Department.

The form was last revised in June 1, 2010 and is available for digital filing. Download an up-to-date Form 350PC in PDF-format down below or look it up on the South Carolina Judicial Department Forms website.

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STATE OF SOUTH CAROLINA
)
)
IN THE PROBATE COURT
COUNTY OF: __________________________
)
)
INVENTORY AND APPRAISEMENT
IN THE MATTER OF: _______________________
)
)
CASE NUMBER: ______________________________
ORIGINAL
SUPPLEMENTAL # ________________________________
Personal Representative (s):
Last Four Digits of Decedent’s Social
Was there a will?
YES
NO
Security Number:
XXX-XX-
Decedent’s Date of Death:
Domicile at death:
(county)
(state)
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
day of
Signature:
,
20
.
Name:
Address:
Notary Public for South Carolina
E-Mail:
My Commission Expires:
Telephone (O):
(H):
Attorney:
Signature
Address:
Name:
Address:
E-Mail:
Telephone:
E-Mail:
Telephone (O):
(H):
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
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
……………………………………………………………………………………
$
FORM #350PC (06/2010)
Page 1 of 6
62-3-704, 62-3-706, 62-3-707, 62-3-708, 62-3-1203
STATE OF SOUTH CAROLINA
)
)
IN THE PROBATE COURT
COUNTY OF: __________________________
)
)
INVENTORY AND APPRAISEMENT
IN THE MATTER OF: _______________________
)
)
CASE NUMBER: ______________________________
ORIGINAL
SUPPLEMENTAL # ________________________________
Personal Representative (s):
Last Four Digits of Decedent’s Social
Was there a will?
YES
NO
Security Number:
XXX-XX-
Decedent’s Date of Death:
Domicile at death:
(county)
(state)
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
day of
Signature:
,
20
.
Name:
Address:
Notary Public for South Carolina
E-Mail:
My Commission Expires:
Telephone (O):
(H):
Attorney:
Signature
Address:
Name:
Address:
E-Mail:
Telephone:
E-Mail:
Telephone (O):
(H):
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
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
……………………………………………………………………………………
$
FORM #350PC (06/2010)
Page 1 of 6
62-3-704, 62-3-706, 62-3-707, 62-3-708, 62-3-1203
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
(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)
Item No.
Description
Tax Assessor’s Fair
Appraised Value
Appraised Value of
(include county and state)
Market Value for year of
Decedent’s Interest
Decedent’s Death
TOTAL SCHEDULE A
$
(also enter under recapitulation, page 1)
SCHEDULE B - Stocks and Bonds
(If none, so state.) (For jointly owned property with right of survivorship, see schedule E)
Item No.
Description
Face Value
Appraised Value
TOTAL SCHEDULE B
$
(also enter under recapitulation, page 1)
SCHEDULE C - Notes due to Decedent, and Money on hand and in banks
(If none, so state.) (For jointly owned property with
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 (06/2010)
Page 2 of 6
SCHEDULE D - Insurance
(If none, so state.)
Part 1 - Life Insurance Payable to the Estate
Item No.
Description
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
Appraised Value of
Includible
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 (06/2010)
Page 3 of 6
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?
YES
NO
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.)
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 (06/2010)
Page 4 of 6
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
If “yes”, did Decedent exercise the power of appointment in favor of estate?
YES
NO
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
If “yes”, is the estate designated as the beneficiary of these accounts?
YES
NO
If “yes”, please describe and list total amount payable to estate.
$
(If more space is required, insert additional sheets of same size.)
TOTAL SCHEDULE I
$
(also enter amounts payable to estate under recapitulation, page 1)
FORM #350PC (06/2010)
Page 5 of 6

Download Form 350PC Inventory and Appraisement Form - South Carolina

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