90 Day Inventory in a Decedent’s Estate

A 90-day inventory of an estate in North Carolina refers to the process of compiling and listing all assets of a deceased person’s estate within a 90-day period following their death. This inventory typically includes:

Real Property: Any land or buildings owned by the deceased.
Personal Property: Items such as furniture, jewelry, vehicles, and collectibles.
Financial Accounts: Bank accounts, investment accounts, and retirement accounts.
Debts: Any liabilities or debts owed by the deceased.
Business Interests: Ownership stakes in any businesses.

In North Carolina, the executor or administrator of the estate is responsible for preparing this inventory, which is often required to be filed with the court as part of the probate process. The inventory helps in determining the estate’s value and ensuring proper distribution according to the deceased’s will or state laws if no will exists.