Free Virginia Estate Cc 1670 PDF Form

Free Virginia Estate Cc 1670 PDF Form

The Virginia Estate Cc 1670 form is a crucial document used to inventory the assets of a decedent's estate. This form serves various purposes, including providing a first inventory, detailing newly discovered assets, or amending a previous inventory. It is essential for fiduciaries, such as administrators or executors, to accurately report the estate's value to comply with Virginia law.

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The Virginia Estate CC 1670 form serves as a crucial document in the estate administration process, allowing fiduciaries to report the assets of a decedent's estate accurately. This form can be filed in three distinct scenarios: as a first inventory, as an inventory reflecting after-discovered assets, or as an amended inventory that restates all assets. It is essential for fiduciaries—whether administrators, executors, or curators—to complete this form accurately, as it details the total value of the estate's assets. The form is divided into several parts, with Part 1 focusing on the decedent's personal estate under the fiduciary's supervision, while Part 2 addresses interests in multiple party accounts and certificates of deposit. Additionally, Part 5 highlights any non-Virginia real estate owned by the decedent. Each fiduciary must certify the accuracy and completeness of the inventory, affirming that they have communicated with all parties entitled to a copy of the inventory, as mandated by Virginia law. The Commissioner of Accounts plays a role in ensuring the form is properly completed, although they do not verify the values listed or the completeness of the asset inventory. This process, while detailed, is vital for ensuring transparency and compliance in estate management.

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Document Specifics

Fact Name Description
Form Purpose The Virginia Estate CC 1670 form is used to inventory the assets of a decedent's estate.
Types of Inventory This form can be used for a first inventory, an inventory of newly discovered assets, or an amended inventory.
Fiduciary Roles The fiduciary completing the form can be an administrator, executor, or curator of the estate.
Asset Valuation Assets must be valued at the date of death for accurate reporting.
Parts of the Form The form includes multiple parts detailing personal estate, multiple party accounts, and non-Virginia real estate.
Certification Requirement Each fiduciary must certify the accuracy and completeness of the inventory under penalty of law.
Mailing Obligations Fiduciaries must mail a copy of the inventory to interested parties who request it, as per Virginia law.
Governing Law The form is governed by Virginia Code Section 64.2-1303 regarding estate inventories.
Commissioner's Role The Commissioner of Accounts does not verify the values listed but ensures the form is properly completed.
Record Keeping The completed form must be filed with the Clerk’s Office and recorded for official purposes.
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