Early in almost every probate, the representative must take stock of what the estate owns and owes. This document — the inventory, appraisement, and list of claims — is a cornerstone of the process, and Texas offers a private alternative many families prefer.
What the Inventory Contains
The inventory and appraisement lists the estate’s property and its value as of the date of death. The list of claims records debts owed to the estate. Together they give the court, the beneficiaries, and the creditors a clear picture of what the estate holds.
The 90-Day Deadline
The representative generally must file the inventory within 90 days of qualifying to serve. The court can extend that deadline for good cause, but missing it without an extension is a serious lapse that can lead to removal.
The Affidavit in Lieu of Inventory
Texas gives independent executors a valuable privacy option. When the estate has no unpaid debts other than those secured by property, and no beneficiary demands the inventory, the executor may file an affidavit in lieu of inventory instead. The executor still prepares the inventory and provides it to the beneficiaries, but the detailed asset values stay out of the public record. For families who value privacy, this is a meaningful benefit of independent administration.
Why It Matters
An accurate inventory protects the representative, keeps the beneficiaries informed, and sets the stage for paying creditors and distributing the estate. Getting it right — and on time — is one of the representative’s most important early duties.
Frequently Asked Questions
When is the probate inventory due in Texas?
Generally within 90 days after the representative qualifies, though the court can extend the deadline for good cause.
What is an affidavit in lieu of inventory?
In an independent administration with no unpaid debts other than secured ones, and where no beneficiary demands the inventory, the executor may file a private affidavit instead of a public inventory.
Does the inventory become public record?
A filed inventory is generally public. The affidavit in lieu keeps the detailed asset values out of the public record, which many families prefer.
Talk With a Texas Probate Attorney
Need to prepare an inventory or keep asset values private? We can help you do it right. Call 713-955-6182 or contact The De Leon Law Firm to get started.