(a) DUTY TO PREPARE INVENTORY. (1)In General. The following fiduciaries must prepare and file an inventory of assets of the decedent, protected person, minor, or trust beneficiary: (A) a supervised personal representative;(B) a special administrator;(D) a guardian of a minor; and(E) a trustee of a trust under continuing supervision of the court.(2)Unsupervised Personal Representative. An unsupervised personal representative must prepare an inventory of assets of the decedent as required by this rule and serve the inventory on each interested person within three months of the date of appointment. The unsupervised personal representative may file the inventory with the court.(b) FORMAT.(1) Form of Inventory. (A)Filed Inventory. An inventory that is filed with the court must be typed or electronically printed on the form maintained by the Register of Wills or a form that is substantially similar in content and format to that form.(B)Unsupervised Personal Representative. An unsupervised personal representative of a decedent's estate who does not file an inventory may use a format that clearly sets out the information required by this rule.(2)Verification. An inventory must be verified in the manner described in Rule 103(c).(3)Notice of Right to File Objection. An inventory must be accompanied by a notice of the right of an interested person, protected person, custodian of a minor, trust beneficiary, and other party or interested person to file an objection to the inventory. The notice must be in the form maintained by the Register of Wills or a form that is substantially similar in content and format to that form, and must specifically state that any person with standing to object to an inventory may file an objection to the contents, valuation, or timeliness of the inventory.(4)Certificate of Service. An inventory must include a certificate of service. If the inventory is filed with the court, the certificate of service must state that the inventory was mailed or delivered within 15 days after the date of filing.(5)Privacy Requirements. If an inventory filed with the court includes a financial account number, the fiduciary must comply with Rule 109 and must file, together with the inventory, the separate form required by Rule 109.(c) TIME FOR FILING. (1)In General. Except as provided in Rule 112(c)(2), a fiduciary must file an inventory within 90 days after the court appointing the fiduciary or the date of a court order providing for continuing supervision of the administration of the estate or trust.(2)Intervention Proceeding. A conservator must file an inventory within 60 days after the court appointing the conservator.(d) ASSETS INCLUDED IN INVENTORY. (1)In General. A fiduciary must include in the inventory all assets which the fiduciary is entitled to possess except a specific asset which the court orders is not to be included among the assets under the control of the fiduciary.(2)Asset Not Under Control of Fiduciary. If the fiduciary is unable to take control of an asset, the fiduciary must specifically identify the asset which the fiduciary is claiming but which the fiduciary has not obtained possession of as of the date of the inventory.(e) DETERMINATION OF INVENTORY ASSETS.(1) Decedent's Estate. (A)Initial Inventory. The initial inventory must set out the assets of the decedent as of the date of death.(B)Subsequent Supervision. If the court orders supervision of an already existing decedent's estate proceeding, the inventory must set out the assets of the estate as of the date of the order for court supervision.(2)Other Proceeding. The inventory must set out the assets the fiduciary is entitled to possess as of the date that the court appoints the fiduciary.(3)Successor Fiduciary. The inventory of a successor fiduciary must set out the assets the fiduciary is entitled to possess as of the date that the court appoints the successor fiduciary.(f) DESCRIPTION, VALUATION, AND APPRAISAL OF ASSETS. (1) In General. (A)Description. Each asset must be listed and described in reasonable detail. The location of the asset must be stated.(B)Title. If an asset is titled in the name of a person other than or in addition to the decedent, protected person, minor, or trust, the person holding title must be listed.(C)Encumbrances. The type and amount of any encumbrance or lien on any asset must be listed.(2)Real Property. The fiduciary may inventory real property at the value set by the District of Columbia for purposes of assessment and taxation. The fair market value may also be determined by an appraiser selected by the fiduciary and who is licensed by the jurisdiction in which the real property is located.(3) Tangible Personal Property.(A)In General. The fiduciary must list items of tangible personal property which the fiduciary is entitled to possess at its fair market value, as determined by qualified appraiser, except:(i) wearing apparel, other than furs and jewelry;(ii) food for consumption by the family;(iii) family pictures; and(B)Value less than $1,000.00. If the fiduciary reasonably believes that the tangible personal property is valued at $1,000.00 or less, the fiduciary may describe the tangible personal property in reasonable detail and the estimated value of the tangible personal property instead of obtaining a formal appraisal.(C)Motor Vehicles. The fiduciary may inventory motor vehicles with the value stated on public appraisal publications or websites.(4)Publicly-Traded Investments. Corporate stocks, bonds, or other publicly-traded investments that are listed on any national or regional exchange or are sold in an over-the-counter market where prices are regularly published may be valued by the fiduciary.(g) ASSETS WITHOUT VALUE OR NO ASSETS. If, at the time of the fiduciary's appointment, the asset of which the fiduciary has control or has the right to possess cannot be readily valued or there are no assets that have been or can be collected by the fiduciary, the fiduciary must file either: (1) an inventory showing no assets; or(2) a statement verified in the manner described in Rule 103(c) stating that an asset cannot be readily valued or that the fiduciary has collected no assets.(h) SUPPLEMENTAL INVENTORY. (1)When Required. If, after the inventory is prepared, the fiduciary learns of another asset, or determines that the value or description of an asset is erroneous in any material respect, incomplete, or misleading, the fiduciary must file a supplemental inventory.(2)Format. A supplemental inventory must comply with Rule 112(b).Adopted by Order dated March 4, 2022, effective 8/22/2022.