LegalZoom Power of Attorney is Legally Inadequate

This column first appeared in the SA Express-News and it MySA website on January 20, 2015. Dear Mr. Premack: I am considering taking a home equity loan for extra cash. My wife had a stroke and can no longer understand or participate in our financial issues. I had the foresight to acquire a LegalZoom Durable […]

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2015 Estate Tax & Gift Tax Exemptions

This column first appeared in the San Antonio Express-News and the MySA website on January 14, 2015. Dear Mr. Premack: It is a new year. What has the IRS done with the federal estate tax for 2015, and what about the gift tax? – I.R. The federal estate tax is imposed upon an individual’s death […]

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Naive short-cut increased conflict and expense of settling estate

This column first appeared on the Express-News MySA site on December 29, 2014. Dear Mr. Premack: My mother transferred her money into an account owned by Roger, the person named as Executor in her Will. She gave him verbal instructions to distribute the funds according to her Will. She died, her Will was probated, and […]

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Bank account rights have big impact

This column first appeared on the MySA Express-News website on December 24, 2014. View this column as a “Sway” presentation Dear Mr. Premack: If I and a friend had a joint bank account here in San Antonio at a regular bank, could one person close out or do other things to the whole account? – […]

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Capacity to make legal plans after Alzheimer’s diagnosis

This column first appeared on the Express-News MySA website on December 15, 2014. Dear Mr. Premack: My wife has early stage Alzheimer’s. She is wearing a patch so is still functional. We have rent houses and oil interests. Although we made Wills years ago when our children were young, because we have been busy with […]

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Title Transfer and Taxes under Lady Bird Deed

This column first appeared in the MySA Express-News on December 11, 2014. Dear Mr. Premack: My wife, as Grantee on a Lady Bird Deed, received ownership of her parents’ house after her mother’s death earlier this year. Her father is in a nursing home with no possibility of ever going home. Intentions are to sell […]

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Should Homestead Title be in Both Spouses’ Names?

This column first appeared on MySA.com (SA Express-News) on December 1, 2014. Dear Mr. Premack: My wife and I have been married for 43 years. We bought our home using a Veterans Land Board loan, so it is only in my name. Is it a good idea to keep it in my name or should […]

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Insecure password storage can lead to fraud, theft

Dear Mr. Premack: I have been storing my internet passwords in my Outlook program as notes. This makes it easy for me to look up a password. Is this fine for my legal planning, in case I become ill and my family needs to access my online banking and brokerage accounts? – JO NO! Outlook notes […]

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Can attorney be heir in a will the attorney writes?

This column first appeared on the San Antonio Express-News.com and the MYSA.com websites. Dear Mr. Premack: I was a caretaker for a lady. She told her attorney that I was to be taken care of when she died. She had him draw up a Will with him as the executor, and he told me that he and I […]

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Texas Medicaid Income Limits & Asset Limits (2014-2015)

MEDICAID in TEXAS 2014 Amounts 2015 Amounts Income Cap (one Medicaid patient) $2,163 / month $2,199 / month Income Cap (both spouses are Medicaid patients) $4,326 / month $4,398 / month Countable Asset Cap (one Medicaid patient) $2000 $2000 Countable Asset Cap (both spouses are Medicaid patients) $3000 $3000 Spousal Protected Resource Amount (minimum spousal […]

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