1997 Minnesota Statutes

     525.561 Contents of inventory.  

    Within one month after appointment, unless a longer time 
 has been granted by the court, every guardian or conservator 
 shall make and exhibit to the court a verified inventory of all 
 the estate of the ward or conservatee which shall have come to 
 the guardian's or conservator's possession or knowledge.  Such 
 property shall be classified therein as follows:  (1) real 
 estate, with plat or survey description, and if a homestead, 
 designated as such, (2) furniture and household goods, (3) 
 wearing apparel, (4) corporation stocks described by certificate 
 numbers, (5) mortgages, bonds, notes, and other written evidence 
 of debt, described by name of debtor, recording data, or other 
 identification, (6) all other personal property accurately 
 identified.  All encumbrances, liens, and other charges on any 
 item shall be stated.  The guardian or conservator shall set 
 forth in the inventory the fair market value of all assets 
 listed therein.  If appraisers are appointed by the court, the 
 value of assets other than those assets specified in section 
 525.562, subdivision 1, clause (b) shall be determined by the 
 court appointed appraisers.  Such value shall be the value at 
 the date of appointment of the guardian or conservator.  Such 
 inventory shall show the net value of each item after deducting 
 all encumbrances, liens and charges and the total net value of 
 each class of items and of all classes.  

    HIST: 1975 c 347 s 115; 1986 c 444