This column first appeared in the SA Express-News and its MySA website on June 23, 2015. If you simply accept ownership of the inheritance, you could turn around and gift it to your children. Your accountant is correct, however, that a gift might cause tax issues. If the amount you transfer to each of your children exceeds $14,000 (in any single calendar year) then you must file a gift tax return. You can tell the IRS that you want to apply part of your lifetime gift tax exem

This column first appeared in the San Antonio Express-News and its MySA.com site on June 9, 2015. Dear Mr. Premack: About ten years ago, my husband and I purchased a timeshare vacation property in San Antonio. We can use it for a few weeks at a time yearly, or use one of the sister properties. This was all great deal of fun, but now we are older and cannot travel. We’d like to transfer the timeshare rights to our son and his wife. We called the company and they were not much