Is a Living Trust useful in Medicaid Planning?

This column first appeared in the San Antoni0 Express News on January 16, 2017. Dear Mr. Premack: My parents are in their 80’s and have set up a Living Trust to help them qualify for nursing home Medicaid should they need financial assistance when the time comes. I had read that trusts could be used…

Homestead Limits for Texas Medicaid

Dear Mr. Premack: With regards to Medicaid, how many acres are allowed in a Homestead? Can there be a country road that runs through the property for the Homestead claim? KF Texas Medicaid regulations do not restrict the number of acres that can be counted as homestead. If there is a country road that runs…

Property Tax Deferral after a Second Marriage

This column first appeared in the San Antonio Express News on December 9, 2016.  Dear Mr. Premack: My mom owned a house prior to marring her second husband. She was disabled and deferred property taxes on her homestead. She recently passed away. I understand her husband has a life-estate in my mom’s non-community property home,…

Are Miller Trusts ethical?

This column first appeared in the San Antonio Express News on November 28, 2016. Dear Mr. Premack: My friend is 69 and has a condition that is life ending but could last for some time. He is not married nor does he have any children. He owns a house that the Bexar County appraisal district says…