What it asks for
Part 1 is what the person owns alone, including a fractional share. Part 2 is property held jointly with survivorship, and every other interest they hold. Each item goes in at fair market value on the date of appointment. §45a-655(a) (opens in a new tab)
| Part | What goes there |
|---|---|
| 1(a) | Real property owned alone or in part: address, interest, market value, unpaid mortgage, net value, with the recorded deed |
| 1(b)1 | Motor vehicles: year, make, model and VIN |
| 1(b)2 | Bank accounts: the bank and the last four digits of each account |
| 1(b)3 | Stocks and bonds: number of shares and value per share |
| 1(b)4–5 | Other personal property, then the total from any added sheets |
| 2(a) | Jointly owned property with survivorship: its total value and the person’s interest |
| 2(b) | Property that passes by a named beneficiary, like payable-on-death or retirement accounts |
| 2(c) | Property the person has a beneficial interest in, like a trust |
| 2(d) | Real property outside Connecticut |
Common mistakes
Leaving out joint accounts
The person’s share of joint bank accounts and other joint property belongs on the inventory. It goes in Part 2(a), with the property’s total value beside it.
A negative value for a house
Real property goes in at market value less the unpaid mortgage. If the mortgage is higher, the net value is zero.
Settlement money left off
After the court approves a settlement for the person, file a supplemental or substitute inventory within 30 days of receiving the money. Rule 33.11(d) (opens in a new tab)
No copy to the parties
Send a copy to each party and attorney, and list them on the certification on page 3. Rule 33.8 (opens in a new tab)
Your first account
The first line of the first PC-442 is the total on this inventory. For a first conservator, these values are also what an account on PC-441 carries assets at. Rule 36.14 (opens in a new tab)
Sources
- PC-3400, Inventory/Conservatorships (opens in a new tab), Connecticut Probate Courts
- PC-440, Inventory (opens in a new tab), Connecticut Probate Courts
- C.G.S. §45a-655 (opens in a new tab), when the inventory is due and how to value it
- Probate Court Rules of Procedure (opens in a new tab), Rules 33.8, 33.11 and 36.14
Also for Connecticut: PC-442, Financial Report Conservator/Guardian
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