Affidavit of Heirship changes records

This answer first appeared in the San Antonio Express News on March 30, 2018. Dear Mr. Premack: I read with interest the article [March 23, 2018] about the lady who thought changing records at the Appraisal office would make her sole owner or her property. I did the same and I was thinking the same…

Should Rancher continue gifting of land?

This column first appeared in the San Antonio Express News on January 29, 2018. Dear Mr. Premack: My 95-year-old mother owns a large piece of ranch land. The value per acre is fairly high, and her tax adviser years ago told her to start gifting “undivided interests” each year worth $14,000 to each of the…

Recommended Reading on Tax Reform

The National Council on Aging has just posted a blog article regarding tax reform efforts in Washington. The article is signficant and I recommend you read it here. The article makes the case for the proposition that a) Congress knows that its tax reform bill will greatly expand the deficit (by giving large tax breaks…

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,…