Uniform Rules § 207.20

Inventory of assets · as in force on May 31, 2026

(a) The fiduciary or the attorney of record shall furnish the court with an Inventory of Assets form which identifies the following:

(1) those assets that either were owned by the decedent individually, including those in which the decedent had a partial interest, or were payable or transferrable to the decedent's estate, by indicating the total value thereof by letter only for one of the following categories: A-under $10,000; B-$10,000 to under $20,000; C-$20,000 to under $50,000; D-$50,000 to under $100,000; E-$100,000 to under $250,000; F-$250,000 to under $500,000; G-$500,000 or over; and

(2) those assets held in trust; those assets over which the decedent had the power to designate a beneficiary; jointly owned property; and all other non-probate property of the decedent by checking yes or no.

(b) The Inventory of Assets form shall be filed with the court within nine months of the date letters issued to the fiduciary or as the court otherwise directs.

(c) In the event the Inventory of Assets is not filed, the court may refuse to issue certificates, may revoke the letters and may refuse to issue new ones until such list has been filed and the fees paid as provided in SCPA 2402. Failure to file such list of assets may also constitute grounds for disallowance of commissions or legal fees.

(d) If any additional filing fees are due, they shall be paid to the court at the time of the submission of the inventory.

Official sourcehttps://www.nycourts.gov/rules/part-207-uniform-rules-surrogates-court

In plain English

This rule requires an Inventory of Assets form in estates and sets the consequences of not filing it.

(a) The fiduciary or attorney of record shall furnish the court an Inventory of Assets form identifying:
(1) assets owned by the decedent individually (including partial interests) or payable or transferable to the estate, giving their total value by letter only: A under $10,000; B $10,000 to under $20,000; C $20,000 to under $50,000; D $50,000 to under $100,000; E $100,000 to under $250,000; F $250,000 to under $500,000; G $500,000 or over; and
(2) trust assets, assets where the decedent could designate a beneficiary, jointly owned property, and all other non-probate property, by checking yes or no.
(b) The form shall be filed within 9 months of the date letters issued, or as the court directs. ★
(c) If it is not filed, the court may refuse to issue certificates, may revoke the letters, and may refuse new letters until it is filed and fees paid under SCPA 2402. ★ Failure to file may also be grounds to disallow commissions or legal fees. ★
(d) Any additional filing fees due shall be paid when the inventory is submitted.

Marked in the text: penalties, time limits, sums of money. Editorial emphasis added by this edition; it does not appear in the statute as enacted.

In print

This provision appears in Volume 1 — The Surrogate's Court in Plain English; Volume 3 — The Surrogate's Court: Court Rules & the EPTL; Volume 5 — Your Career: Surrogate's Court in Plain English.