Must a Will always go to Probate?

This column first appeared in the San Antonio Express News on November 20, 2017. Dear Mr. Premack: In Texas, is there a requirement that a Will be probated? Is it a better idea to have a Trust instead of a Will, and how does it work? – C.L. When a person dies, they might have…

Can MERP claim be avoided?

This column first appeared in the San Antonio Express News on November 14, 2017. Dear Mr. Premack: Our widowed mom was in a nursing home on Medicaid. She died this July. Her Will leaves her house to all her children. Last month MERP sent me a claim letter stating they will file a claim against…

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…

Prop 2 makes equity loans more expensive

This column first appeared in the San Antonio Express News on October 30, 2017. Dear Mr. Premack: I just got my Voters Guide from the League of Women Voters. The election on November 7 includes seven proposed amendments to the Texas Constitution. I’m interested in Proposition 2 relating to Home Equity Loans. The wording is…

A method to avoid Elder Exploitation

This column first appeared in the San Antonio Express-News on October 24, 2017. Dear Mr. Premack: My mother is the kindest, most giving person in the world. She is financially stable but is not wealthy. She has been diagnosed with mild dementia, and gets confused and easily led astray. A few weeks ago she made…