When preparing the initial inventory, what date should the guardian use to list the value of an asset?

The appropriate date to list the value of an asset when preparing the initial inventory is the guardianship inception date, also known as the GID (Guardianship Inception Date). This date is significant because it marks the official start of the guardianship, at which point the guardian takes legal responsibility for the assets and affairs of the ward. All assets need to be valued based on their condition at this specific time, ensuring an accurate and fair accounting of what the guardian will be managing. This valuation is crucial not only for establishing a baseline for the guardian's financial report but also for ensuring transparency and accountability in the management of the ward’s estate.

Using the current market date or the estate filing date would not provide an accurate representation of the asset values at the time the guardian assumed their duties. Similarly, relying on the last appraisal date could lead to discrepancies if the market value of the assets has changed since that appraisal. Therefore, the guardianship inception date is the most relevant and legally appropriate time for assessing asset values in the context of guardianship.