Lake Conroe Appraisals Blog

  Date-of-Death Appraisals in Texas: Why Your CPA May Ask for a Retrospective Home Value You’re sitting down with a CPA after the death of a parent or family member, working your way through a mountain of paperwork, when they ask: “Do you have an appraisal showing what the house was worth on the date of death?” That question catches a lot of people off guard. The house may not be for sale. Nobody is applying for a mortgage. And the date your CPA is asking about may have been six months, a year, or even several years ago. So why do they need an appraisal now? Welcome to the world of the date-of-death appraisal , also commonly called a retrospective appraisal . As a state-certified residential real estate appraiser serving Conroe, Montgomery, The Woodlands, Willis, Magnolia, Spring, and surrounding areas, I complete these assignments for families, executors, attorneys, and tax professionals throughout Montgomery County and the Lake Conroe area. And despite the intimidating tax termin...

Hello, Conroe homeowners! Today, we’re diving into the world of estate appraisals . If you’re new to estates, probate, and all the terminology that comes with it, don’t worry—you’re in the right place. Let’s break it down in an easy, fun, and informative way. What is an Estate? An estate includes everything a person owns at the time of their death—real estate, personal property, cash, investments, and other assets. Managing an estate involves distributing these assets according to the deceased’s will or, if there isn’t one, according to state laws. Understanding Probate Probate is the legal process of administering the estate of a deceased person. This process includes validating the will (if one exists), inventorying the deceased’s property, paying debts and taxes, and distributing the remaining assets to heirs. Probate ensures the legal transfer of ownership and clear title to beneficiaries. The Role of an Appraiser in Estate Management An appraiser plays a crucial role in the probat...