{"jurisdiction": "us-ny", "code": "nycrr", "section": "207.20", "citation": "Uniform Rules § 207.20", "heading": "Inventory of assets", "text": ["(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_source": "https://www.nycourts.gov/rules/part-207-uniform-rules-surrogates-court", "from_official_api": true, "plain_english": "This rule requires an **Inventory of Assets** form in estates and sets the consequences of not filing it.\n- **(a)** The **fiduciary or attorney of record** **shall furnish** the court an Inventory of Assets form identifying:\n  - **(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\n  - **(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**.\n- **(b)** The form **shall be filed within 9 months** of the date **letters issued**, or as the court directs. ★\n- **(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**. ★\n- **(d)** Any **additional filing fees** due **shall be paid when the inventory is submitted**.", "in_force_on": "2026-05-31", "retrieved": "2026-09-27", "url": "https://elyphived.com/us-ny/nycrr/207.20", "publisher": "Elyphived LLC"}