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Vermont Probate - Formal Opening Estate
Vermont
Automated Document Set for Vermont: Formal Opening of the Estate
Probate
Vermont Probate - Formal Opening EstateVermont Probate - Opening Small Estate
Vermont
Automated Document Set for Vermont - Opening a Small Estate
Probate
Vermont Probate - Opening Small EstateThe information provided on this website/page is for general informational purposes only. It should not be construed as legal advice, nor does it create an attorney-client relationship between the author and any readers or users of this content.
Reviewed By
Jenna Zebrowski, JD, MBA
Attorney
Jenna Zebrowski is a JD/MBA graduate from Texas Tech University School of Law. After working in Mexico City for 3 years, she returned to the US and spent over a decade working in-house for large and small companies, including franchises, in a real estate leasing capacity, as well as in the mortgage and title industries. In private practice since 2019, Jenna is passionate about advocacy and protection for her clients’ rights, working collaboratively towards problem prevention, and solution, when necessary.
The 700-00030 Inventory form is required during probate proceedings in Vermont. This form is essential for the fiduciary—such as an executor, trustee, or guardian—responsible for managing the assets of a decedent's estate or trust. It helps ensure a transparent accounting of all assets, including real estate, bank accounts, and personal property.
- Needed when initiating formal probate after the decedent's passing.
- Required shortly after being appointed as a fiduciary in a probate proceeding.
- Filing of a death certificate typically happens before submitting this inventory form.
- Often triggered by a court order or requirement to begin asset distribution.
- May follow the completion of a will verification.
Once the decedent's death has been officially recorded and the court has appointed the fiduciary, the next step involves gathering an accurate inventory of the decedent's assets. This form ensures all interested parties are informed of the estate's holdings and values, allowing for estate settlement or asset distribution.
- Prepare Required Documents: Gather all necessary documents, including copies of deeds, tax bills, and sales documents for any real property, mobile homes, and motor vehicles listed in the inventory.
- Complete the Inventory Form: Accurately fill out the form, listing all assets with their fair market values and any applicable liens.
- Sign and Certify: Ensure the fiduciary or responsible person signs the form, certifying its truthfulness under penalty of perjury.
- File with the Probate Court: Submit the completed original form and any attachments to the appropriate Vermont Superior Court Probate Division office managing the case.
- Notify Interested Parties: Send a copy of the filed inventory to all interested parties and file a Certificate of Service with the court detailing how the copies were sent.
Appraiser Documentation
If you've used an appraiser, remember to attach the appraiser’s name, address, and details about the items appraised. Failing to provide this information could lead to further inquiries or delays.
Real Property Details
When including real property, ensure you have both the deed or the most recent property tax bill. Double-check that the descriptions match the recorded information, especially book and page numbers and the town details. Any discrepancies could delay processing.
Account Identification
For bank accounts and other investment accounts, carefully note the specific requirements. Although only the last 4 digits of account numbers are needed, it's crucial these are correct to avoid any misidentification.
High-Value Items
If listing items or collections exceeding $5000 in value, provide a comprehensive description as well as any additional information that might be required by the court. Don't underestimate the level of detail needed, as this helps prevent questions later.
Liens Specification
If there are liens on any property, note the name of the lienholder and estimated amount owed within the property description. This helps in distinguishing the actual value available for the estate or interest.
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1
Ensure you have completed and filed the Certificate of Service with the court, indicating how you sent copies of the Inventory form to all interested persons.
2
Await confirmation or a response from the court regarding the acceptance of your Inventory form. This may include any feedback or request for additional information.
3
If any discrepancies or requests for further documentation are raised by the court, prepare and submit the necessary documents promptly.
4
Monitor communication from interested parties who may request clarifications or contest the Inventory details.
5
Check the probate case schedule for any upcoming hearings or deadlines that may require your attendance or further filings.
