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…

What is a Lady Bird Deed?

Dear Mr. Premack: My mother signed a deed transferring her home to us (her children) and retaining a life estate for herself. She also retained the right to change her mind and take back ownership of the house. She recently died, and left the deed unchanged (she never took back ownership). Do we need to…

Mineral rights have modest Medicaid exemption

This column first appeared in the San Antonio Express News and other Hearst Newspapers on September 25, 2018. Dear Mr. Premack: I own mineral rights to Texas property but do not own the property itself. I’m 80 years old and may need to go in a Texas nursing home, eventually need to apply for Medicaid.…