PR-1811 Guidance: Inventory | Gavel
Table of Contents
When you need it
How to file it
Filling it out
What to do after filling it out
Related form
PR-1811 Guidance: Inventory (Wisconsin)
The PR-1811 Inventory form is used by a personal representative to itemize and report all property when administrating a decedent's estate (including encumbrances and marital property) as part of formal or informal probate proceedings in Wisconsin. Jump to guide on filling it out.
Official PR-1811 PDF Download (wicourts.gov)
When you need form PR-1811
The PR-1811 Inventory form is an essential document used in the probate process in Wisconsin, particularly during the administration of a deceased person's estate. It is used in both informal and formal administration and is typically needed when a personal representative is managing the estate of the deceased. This inventory form lists all assets under administration, specifies any encumbrances or liens attached to these assets, and identifies any marital property.
- Trigger for Use: This form is generally required after a personal representative has been appointed, which follows a petition for probate (commonly with forms such as PR-1801 or PR-1807).
- Preceding Documents: Before filing this inventory, complete a probate application or petition, likely involving documents like PR-1802 Declaration of Heirship or PR-1803 Proof of Heirship, to formally recognize the representative's rights to administer the estate.
- Next Steps: Once this inventory form is completed and filed, the next step is to provide copies to all interested parties.
Completing the PR-1811 allows for accurate accounting of the decedent's assets and liabilities, a crucial task in ensuring proper estate distribution according to the will or state intestacy laws.
How to file form PR-1811
- 1. Gather Necessary Information: Collect all relevant details about the decedent's property, including valuations, any encumbrances, marital property status, and other applicable information.
- 2. Complete the Form PR-1811: Fill out the Inventory form accurately, including all required schedules and itemizations of the estate's assets and liabilities.
- 3. Signature Requirement: The personal representative signs the form under oath, stating the information provided is true and accurate.
- 4. File with Circuit Court: Submit the completed Inventory form to the Circuit Court in the county where the probate case is being administered.
- 5. Notify Interested Parties: Distribute copies of the filed inventory to all interested persons as mandated by Wisconsin probate law.
Tips for filling out form PR-1811
When completing form PR-1811, pay special attention to these less obvious sections:
Item 1
Property Identification
Ensure that you are identifying all property that is subject to administration. This includes any property the decedent owned individually at the time of death. Double-check that you've included all assets like bank accounts, real estate, vehicles, and digital property according to the definition under §711.03(10) of the Wisconsin Statutes.
Item 2
Encumbrances and Liens
When listing encumbrances, liens, or other charges against each item of property, be thorough. This means including things like mortgages, loans, or debts associated with the property. Ensure these are not overlooked as they affect the net value calculation.
Item 3
Marital Property
Clearly designate any property that is considered marital property. This can affect how property is distributed and administered. Wisconsin is a marital property state, meaning that any property acquired during the marriage could be considered jointly owned, which impacts the probate process.
Item Note
Filing Fee
Keep in mind a statutory filing fee must accompany this form. The fee varies depending on the value of the estate, so make sure you're prepared to cover this when filing. Confirm the correct fee with the court to avoid delays.
Summary
Calculation Accuracy
For the total and net value calculations, double-check your math. The net value of property subject to administration should not be less than $0. Ensure you have deducted the correct amount of encumbrances from the total property value.
Supporting Inventory Schedules
Details Required
Provide an itemized list with detailed descriptions of each property item on the supporting inventory schedules. Legal descriptions, especially for real estate, are crucial as well as the inclusion of any related encumbrances or liens. Ensure these are detailed and match your records precisely to avoid any issues.
What to do after filing form PR-1811
- Distribute copies of the filed inventory to all interested parties as required by Wisconsin probate law.
- Ensure the statutory filing fee has been paid and receipt is retained for your records.
- Check with the court or your attorney to confirm the acceptance of the inventory and inquire if any additional forms or schedules need to be filed.
- Wait for any objections or responses to the inventory from interested parties or the court, as applicable.
- Proceed with the management and distribution of the estate's assets according to the next steps outlined in the probate process or as instructed by the court.
Related Forms
PR-1801: Application for Informal Administration
The PR-1801 Application for Informal Administration form is used when an individual seeks to initiate the probate process for a deceased person's estate in Wisconsin, particularly when a simplified, informal probate procedure is appropriate and uncontested.
PR-1803: Waiver and Consent (Informal Administration)
The PR-1803 Waiver and Consent (Informal Administration) form is used when a person with an interest in a decedent's estate wishes to waive further notice of court proceedings. The interested person also consents to the informal administration of the estate, which can often simplify and expedite the probate process.
PR-1804: Notice to Creditors (Informal Administration)
The PR-1804 Notice to Creditors form is used in Wisconsin during the informal administration of an estate to notify creditors of the deadline to file claims against the decedent's estate.
PR-1805: Notice Setting Time to Hear Application and Deadline for Filing Claims (Informal Administration)
Use the PR-1805 form to notify interested parties about the hearing date for an informal estate administration application. It's also used to set the deadline for creditors to file claims against the decedent's estate in Wisconsin probate proceedings.
PR-1806: Proof of Heirship
The PR-1806 Proof of Heirship form is used during the probate process in Wisconsin to establish and verify the correct heirs of a deceased individual when administering an estate, either through informal or formal proceedings.
PR-1807: Consent to Serve
The PR-1807 Consent to Serve form is used when an individual agrees to serve as a personal representative or special administrator for a deceased person's estate in Wisconsin.
PR-1808: Statement of Informal Administration
The PR-1808 Statement of Informal Administration form is used when an individual seeks to settle a decedent's estate through an informal probate process in Wisconsin, where there is agreement among interested parties and no complications warranting formal administration.
PR-1810: Domiciliary Letters
The PR-1810 Domiciliary Letters form is used in Wisconsin probate proceedings to grant an individual the authority to administer a decedent's estate, either through informal or formal administration proceedings.
PR-1811: Inventory
The PR-1811 Inventory form is used by a personal representative to itemize and report all property when administrating a decedent's estate (including encumbrances and marital property) as part of formal or informal probate proceedings in Wisconsin.
PR-1814: Estate Account
The PR-1814 Estate Account form is used by personal representatives or special administrators in Wisconsin to provide an account of the administration of an estate. This includes receipts, disbursements, and proposed asset distributions during either informal or formal probate proceedings.
PR-1815: Estate Receipt
The PR-1815 Estate Receipt form is used during the probate process in Wisconsin to acknowledge and detail the receipt of property, funds, or assets from an estate, indicating whether it's a partial or full distribution, or in satisfaction of a claim.
PR-1816: Personal Representative's Statement to Close Estate (Informal Administration)
The PR-1816 Personal Representative's Statement to Close Estate form is used when a personal representative has fully administered a decedent's estate under informal administration in Wisconsin and needs to formally declare the estate closed. The representative should have settled all debts, taxes, and distributed the assets to the rightful heirs.
PR-1817: Affidavit of Service (Probate)
The PR-1817 Affidavit of Service (Probate) form is used in Wisconsin probate court proceedings to provide proof that documents related to an estate matter were correctly delivered to parties.
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