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Form a Business

INVENTORY

Iowa Code tit. XV, ch. 633, subch. VII, pt. 4
in effect

Iowa Code § 633.361 Report and inventory.

633.361. Report and inventory. Within ninety days after qualification by the personal representative, unless a longer time is granted by the court, the personal representative shall file with the clerk a report and inventory of the property of the decedent, so far as the same has come to the knowledge of the personal representative. The report and inventory shall be verified or affirmed under penalty of perjury. It shall include the following information: 1. Name, age, and residence of decedent. 2. Date of death. 3. Whether decedent died testate or intestate. 4. Name and post office address of the personal representative. 5. Name and post office address of the surviving spouse, if any. 6. Name, relationship, and post office address of each beneficiary under the will if the decedent died testate or of each heir if the decedent died intestate. If any persons take by representation, the personal representative shall list the deceased person through whom those persons take and shall also list the persons taking under that deceased person. 7. If the decedent died testate, the name and address of each child, if any, born to or adopted by decedent after execution of the will. 8. Legal descriptions and estimated values of all the real estate of the decedent in the state of Iowa. 9. Legal descriptions and estimated values of all real estate of the decedent outside of the state of Iowa. 10. Personal property regarded as exempt from execution, with estimated values. 11. All other personal property of the decedent, with estimated values. 12. A listing of all other items, with estimated values, which are subject to inheritance tax for deaths occurring before January 1, 2025, or federal estate tax. 13. A report concerning any reductions in the amount of unified credit available for federal estate tax purposes. [C51, §1328; R60, §2360; C73, §2370; C97, §3310; S13, §1481-a26; C24, §7319, 11913; C27, 31, 35, 39, §11913; C46, 50, 54, 58, 62, §635.1; C66, 71, 73, 75, 77, 79, 81, §633.361] 83 Acts, ch 177, §36, 38; 84 Acts, ch 1092, §1; 2014 Acts, ch 1026, §129; 2025 Acts, ch 148, §44, 53, 54 2025 amendment to subsection 12 applies retroactively to January 1, 2025, to the estates of decedents dying on or after January 1, 2025; 2025 Acts, ch 148, §54 Subsection 12 amended

Iowa Code § 633.362 Filing mandatory.

633.362. Filing mandatory. Such inventory must be filed in all cases, notwithstanding the provisions of any will or the action of any heirs or devisees waiving the filing thereof, and no administration shall be closed until the same has been filed. [C97, §3310; C24, 27, 31, 35, 39, §11915; C46, 50, 54, 58, 62, §635.4; C66, 71, 73, 75, 77, 79, 81, §633.362]

Iowa Code § 633.363 Reporting failure to court.

633.363. Reporting failure to court. The failure of the personal representative promptly to make said inventory and report shall be forthwith reported by the clerk to the court for such order as may be necessary to enforce the making and filing of the same. [C27, 31, 35, §11913-b1; C39, §11913.1; C46, 50, 54, 58, 62, §635.2; C66, 71, 73, 75, 77, 79, 81, §633.363]

Iowa Code § 633.364 Supplementary inventory.

633.364. Supplementary inventory. Whenever any additional information or property not mentioned in the inventory comes to the knowledge of a personal representative, the personal representative shall make a supplementary inventory thereof, such supplementary inventory to be filed within thirty days after such discovery. [C51, §1333; R60, §2365; C73, §2376; C97, §3310; C24, 27, 31, 35, 39, §11914; C46, 50, 54, 58, 62, §635.3; C66, 71, 73, 75, 77, 79, 81, §633.364]

Iowa Code § 633.365 Appraisement.

633.365. Appraisement. Property belonging to the estate need not be appraised unless required for inheritance tax purposes for deaths occurring before January 1, 2025, under the provisions of this probate code, or by order of court. [C51, §1331, 1332; R60, §2363, 2364; C73, §2373, 2374, 2378; C97, §3311; S13, §3311; C24, 27, 31, 35, 39, §11916, 11917; C46, 50, 54, 58, 62, §635.5, 635.6; C66, 71, 73, 75, 77, 79, 81, §633.365] 2005 Acts, ch 38, §51; 2025 Acts, ch 148, §45, 53, 54 2025 amendment applies retroactively to January 1, 2025, to the estates of decedents dying on or after January 1, 2025; 2025 Acts, ch 148, §54 Section amended

Iowa Code § 633.366 Debts of executor.

633.366. Debts of executor. The naming of any person as executor in a will shall not operate as a discharge or bequest of any right of action owned by the testator against such persons, if it is a right that otherwise survives against such person. Every such right of action shall be included among the assets of the decedent in the inventory. [C66, 71, 73, 75, 77, 79, 81, §633.366]

Iowa Code § 633.367 Inventory and appraisement as evidence.

633.367. Inventory and appraisement as evidence. Inventories and appraisements may be given in evidence in all proceedings, but shall not be conclusive, and other evidence may be introduced to vary the effect thereof. [C66, 71, 73, 75, 77, 79, 81, §633.367]

Iowa Code § 633.368 Property for payment of creditor’s claims.

633.368. Property for payment of creditor’s claims. The property liable for the payment of debts and charges against a decedent’s estate shall include all property transferred by the decedent with intent to defraud the decedent’s creditors or any of them, or transferred by any other means which is in law void or voidable as against the creditors or any of them; and the right to recover such property, so far as necessary for the payment of the debts and charges against the estate of the decedent, shall be exclusively in the personal representative, who shall take such steps as may be necessary to recover the same. Such property shall constitute general assets for the payment of all creditors. [C73, §2381; C97, §3317; C24, 27, 31, 35, 39, §11927; C46, 50, 54, 58, 62, §635.16; C66, 71, 73, 75, 77, 79, 81, §633.368]
Source: Iowa Legislature (legis.iowa.gov)URL: https://www.legis.iowa.gov/law/iowaCode/sections?codeChapter=633&year=2026Fetched: 10/20/2026

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