Fidura

PC 674, the Inventory (Conservatorship)

A list of everything the ward owns, at fair market value on the date you qualified.

By Fidura staff. Last reviewed .

Who files
The conservator
A guardian files one only if the court orders it.
When it’s due
56 days after appointment
MCL 700.5417(1) (opens in a new tab)
Where
The probate court that appointed you
Served on interested persons before filing, as the form directs, with proof of service on PC 564. MCR 5.409(B)(2) (opens in a new tab)
The form
Form PC 674
The court’s copy (PDF) (opens in a new tab)

The ward gets a copy too, if they can be found and are 14 or older. MCL 700.5417(1) (opens in a new tab) Your letters state the due date; follow them if they differ.

What it asks for

One table and a total. Page 2 of the form says what each line needs.

What PC 674 asks about each asset
AssetWhat goes there
Real propertyThe legal description, any other owner, any loan against it, and the appraiser if appraised
Bank accountsThe name and address of each bank, with no account numbers
Valuable itemsEach on its own line: cars, jewelry, antiques, furniture, a burial contract, life insurance cash value, annuities, stocks
Household goodsDishes, linens, clothing and the like, grouped into one or a few lines
Joint propertyListed with the type of ownership, and the box ticked
LiensThe nature and amount of each, in its own column

There is no schedule of debts or income. A debt appears only as a lien on the property it secures.

Common mistakes

A total reduced by the liens

Each value is shown without reduction for liens. The liens go in their own column.

Account numbers on the form

Leave them off. If you need one to tell two accounts apart, it goes on form MC 97.

Your first account

Line 2.a of the first PC 583 is the value of this inventory.

Sources

Also for Michigan: PC 583, Account of Fiduciary, Short Form

We make Fidura, guardianship accounting software built on a reconciled register for each ward. See the product

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