Fidura

CC-1671, the Inventory for Estate of Incapacitated Adult

Virginia’s inventory lists what the ward owns on the day you qualify, and the payments the ward receives each year.

By Fidura staff. Last reviewed .

Who files
The conservator of an incapacitated adult
Also a limited conservator, or a trustee for an ex-service person.
When it’s due
4 months after you qualify
Va. Code §64.2-1300(B): four months after the order conferring your authority (opens in a new tab)
Where
The Commissioner of Accounts for the court where you qualified
The Commissioner approves it and sends it to the clerk to record.
The form
Form CC-1671
The court’s copy (PDF) (opens in a new tab)

Every fiduciary signs the certificate at the end.

What it asks for

Each item goes in at its market value on the day you qualified. §64.2-1300(D) (opens in a new tab)

The parts of CC-1671
PartWhat goes there
1Personal estate under your control: bank accounts, investments, belongings
2Virginia real estate you have the power to sell
3Other Virginia real estate
4Real estate outside Virginia
5Property that passes to someone else at death, by survivorship or a named beneficiary
6Interests in a trust
7Social Security, SSI, VA or Black Lung benefits paid to a payee who reports to the agency, at their yearly value
8Periodic payments from any other source, including federal retirement pay, at their yearly value

In Part 1, list each item worth over $500 on its own line. Real estate goes in at its tax assessment or an appraisal, with no deduction for a mortgage.

Fees

Each circuit court sets its Commissioner’s fees. Va. Code §64.2-1219 (opens in a new tab) The statewide guidelines (opens in a new tab) suggest $135 to $350 for an adult’s inventory, by the value of the assets. The clerk’s fee to record it is separate, and goes to the Commissioner with the filing.

A late inventory brings a letter, then a summons. If you still don’t file within 30 days after it is served, the Commissioner reports you to the court, which can fine you up to $500. Va. Code §64.2-1215 (opens in a new tab)

Common mistakes

Monthly payments in Parts 7 and 8

Both parts ask for the total over a year. A $1,380.00 monthly benefit goes in as $16,560.00.

The wrong total for the bond

The bond total on page one counts Parts 1, 2, 5 and 8. It leaves out Virginia real estate you have no power to sell, real estate outside Virginia, trusts, and benefits paid to a payee (Part 7). A federal pension belongs in Part 8 and counts. The Commissioner checks your bond against the total and reports one that falls short.

A joint account at its full balance

Part 5 counts a joint account at what the ward put into it. Between spouses, count half.

Assets found after filing

File an amended or an additional inventory within four months of finding them. With the Commissioner’s permission, they can go on your next account instead. §64.2-1300(E) (opens in a new tab)

Your first account

Line 1 of the first CC-1682 comes from Parts 1, 2 and 5 of this inventory.

Sources

Also for Virginia: CC-1682, Account for Incapacitated Adult

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

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