Ill. R. Cir. Ct. Dupage Cnty. 18.04

As amended through September 23, 2024
Rule 18.04 - INVENTORIES
(a) Each inventory shall designate each item of personal estate other than cash and goods and chattels as "good," "doubtful," or "desperate," and state the approximate total value of the decedent's personal estate at date of death, the approximate annual income from real estate in the possession of the representative, and the amount of the bond then in force and whether surety, surety waived, corporate or individual.
(b) Consecutive item numbers, commencing with Arabic "1," shall be assigned to each item inventoried and carried forward into each account. Numbers so assigned shall be supplemented by additional consecutive item numbers for items added in subsequent inventories and accounts.
(c) Descriptions of real estate shall include the legal description of each parcel, street and number, if any, the improvements and encumbrances. If a beneficial interest in real estate is an asset of the estate, the name and address of the trustee and other identifying information shall be stated. As to each parcel of real estate listed, the inventory shall state whether the representative is in possession, or if not, the reason the representative is not in possession. (See 755 ILCS 5/20-1, Probate Act)
(d) Descriptions of stock shall include the number of shares, class of stock, exact corporate title, and state of incorporation if necessary for the purposes of identification. Description of bonds and debentures shall include the total face value, name of obligor, kind of bond or debenture, rate of interest, date of maturity, interest dates, coupons attached or date which interest is paid, and endorsements. Descriptions of notes owed to the decedent shall include the face amount and unpaid balance, date of note, date of maturity, name of maker, interest dates, rate of interest, date to which interest is paid, endorsements, and if secured, a description of the security.
(e) Descriptions of partnership interest shall include the partnership name and address and the approximate interest of the estate, if known.
(f) If any real estate or tangible or intangible personal property is encumbered, the inventory shall include a brief description of the encumbrance and the principal balance owing at the date of death.
(g) Descriptions of causes of action shall include the name of the person against whom the cause of action exists, its nature, and if suit has been instituted, the title, name of the court where pending and the case number.
(h) Each inventory and amended or supplemental inventory shall be presented to the judge for filing and approval.
(i) An amended or supplemental inventory shall be filed and approved by a judge if:
(1) Real or personal property has been erroneously described in a prior inventory;
(2) Assets have been improperly included in or excluded from a prior inventory; or
(3) Additional assets have been received by the representative or have come to the representative's knowledge.

A supplemental inventory or an amendment to an inventory need not repeat assets correctly described in a prior inventory.

Ill. R. Cir. Ct. Dupage Cnty. 18.04