Administering a deceased person's estate in Kentucky requires filing an official inventory with the probate court. This document, the Inventory and Appraisement of Estate, was last revised in February 2017 and is used throughout the Commonwealth of Kentucky to account for all assets belonging to the decedent at the time of death. It is one of the first forms a personal representative must complete after being appointed by the court.
The inventory must list two main asset categories. Real property includes all land, buildings, and real estate holdings. Personal property covers every other asset, including bank accounts, investment portfolios, retirement accounts, vehicles, jewelry, business interests, and household goods. For each item, the executor or administrator must provide a clear description and a fair market value estimate as of the date of death. Accurate valuations matter because they affect how estate taxes are calculated and how debts are settled before assets pass to beneficiaries.
The completed inventory serves several purposes in the Kentucky probate process. The Court of Justice uses it to oversee estate administration and calculate applicable court fees. The state Revenue Cabinet reviews the total estimated value to assess any applicable estate taxes. Heirs, creditors, and other interested parties can review the probate record once it is filed with the district court in the county where the decedent lived. Keeping accurate records of all estate forms and filings protects the personal representative from future liability.
Once signed, notarized, and submitted, the document becomes part of the official probate court record. If additional estate assets are discovered after the initial filing, a supplemental inventory must be submitted to the same Kentucky district court using the same process. Related Kentucky court documents that personal representatives often need include the AOC-846 form for estate settlements and the Kentucky AOC-175 for other probate filings. For broader estate planning, a Kentucky living will documents a person's final wishes before death.
| Question | Answer |
|---|---|
| Form Name | Aoc 841 Form |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | aoc 841 ky form, kentucky probate form aoc 841, ky estate, aoc 841 form |