What does South Carolina's Inventory and Appraisement require?
A listing of all probate property in reasonable detail, at fair market value as of the date of death, filed on the statewide form (FORM #350ES) with the probate court within 90 days of the personal representative's appointment. Vehicles, jewelry, art, equipment, business interests, and household contents all go on it.
Are South Carolina estate inventories shared with tax authorities?
Sometimes. When an estate's gross probate assets reach $600,000, § 12-16-1220 requires the probate judge to forward a copy of the inventory and appraisal to the South Carolina Department of Revenue within 30 days of filing. Estates near that line have a second reader for every value they report.
How small must an estate be for South Carolina's affidavit shortcut?
$25,000 or less after subtracting liens and encumbrances, and it must consist of personal property; real estate cannot pass by small estate affidavit. Estates above the line file the full Inventory and Appraisement through normal administration.
Is the personal representative allowed to hire an appraiser in South Carolina?
Yes, and the statute frames it as the representative's choice: § 62-3-707 permits employing a qualified and disinterested appraiser, whose name must be disclosed on the Inventory and Appraisement. No state license is mandated for personal property; "qualified and disinterested" is the standard the filing has to satisfy.