Living Trust management can change on disability
Posted by Paul Premack, Express-News Legal Column in Trusts on March 3, 2015
This column first appeared in the SA Express-News and on MySA.com on February 12, 2015. Dear Mr. Premack: My father set up a Living Trust years ago with his attorney and financial planner. It says that he will be the Trustee until he dies or becomes disabled, and then I should be Trustee. He is […]
Is Granddaughter entitled to Inheritance?
Posted by Paul Premack, Express-News Legal Column in Inheritance on January 30, 2015
This column first appeared in the San Antonio Express News and its MySA website on January 28, 2015. Dear Mr. Premack: My granddaughter’s grandfather (on the other side of the family) died six years ago. I know he had a Will and I think he left some money in his Will for my granddaughter. However, […]
LegalZoom Power of Attorney is Legally Inadequate
Posted by Paul Premack, Express-News Legal Column in Durable Power of Attorney, Home Equity Loans, Homestead on January 22, 2015
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 […]
2015 Estate Tax & Gift Tax Exemptions
Posted by Paul Premack, Express-News Legal Column in Law on January 6, 2015
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 […]
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 […]
Bank account rights have big impact
Posted by Paul Premack, Express-News Legal Column in Banking, Estate Planning, Right of Survivorship on December 24, 2014
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? – […]
Capacity to make legal plans after Alzheimer’s diagnosis
Posted by Paul Premack, Express-News Legal Column in Alzheimer's, capacity, Durable Power of Attorney, Estate Planning on December 19, 2014
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 […]
Title Transfer and Taxes under Lady Bird Deed
Posted by Paul Premack, Express-News Legal Column in Lady Bird Deed, Medicaid, Tax on December 11, 2014
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 […]
Should Homestead Title be in Both Spouses’ Names?
Posted by Paul Premack, Express-News Legal Column in Community Property, Homestead, Marriage, Medicaid, Tax on December 3, 2014
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 […]
Insecure password storage can lead to fraud, theft
Posted by Paul Premack, Express-News Legal Column in Digital Assets, Durable Power of Attorney, Executor, Law on November 14, 2014
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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