4-997 NMRA Conservator’s Inventory: New Mexico

What it asks for

Every asset and debt goes in at its value on the date you were appointed. Use the statement that covers that day, not the latest one.

The sections of Form 4-997
Section	What goes there
Summary	Total assets less total debts. Fill it in last, from Sections II and III.
I	The protected person, any guardian, your appointment date, and any trust they benefit from
II	Assets: cash on hand, bank and investment accounts, life insurance cash value, real estate, vehicles, and other items over $500
III	Debts: real estate debts, other loans, credit cards, judgments and liens, and any tie between you or the protected person and a creditor
IV	Your plan: expected income and expenses, one-time items in the next 12 months, and whether the estate can pay for care

Real estate and other property each need the method behind the figure: appraisal, tax assessment or market value.

Unless the court waived bond, file Form 4-995 with the inventory, with the surety’s Form 4-995.1 attached. Rule 1-140(C) NMRA (opens in a new tab)

If you serve more than two people you are not related to, you are a professional conservator. File the institutions’ unredacted statements at the same time as the inventory, under a Form 4-998.1 (opens in a new tab) cover sheet. They are sealed. Rule 1-145(E) NMRA (opens in a new tab)

Line A of your first Form 4-998 is this inventory’s net asset value. That report is due within 30 days of the first anniversary of your appointment.

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