Within the time set by state statute,the personal representative must prepare an inventory that includes all of the following EXCEPT:
A)Administration expenses
B)All real and personal property owned by the decedent at the time of death
C)A valuation of the assets at fair market value
D)Identify any encumbrances on assets

Question

Quizplus · Accepted Answer

Administration expenses are not included in the inventory; the inventory is meant to list the decedent's assets and their values, not the expenses related to administering the estate.

Within the Time Set by State Statute,the Personal Representative Must