This column first appeared in the San Antonio Express-News and its MySA.com site on March 17, 2015. Dear Mr. Premack: My husband passed away in mid-2014, leaving me as his sole heir. I sold a farm that was partly his inheritance and partly acreage we bought together. The sale closed six months and five days after his death. My accountant says I must have an appraisal to satisfy IRS as to gain or loss on the property all because of those five days, that an appraisal would not
Original Publication: San Antonio Express-News, June 3, 2014 Dear Mr. Premack: I have read your past columns about Community Property Survivorship Agreements, and it sounds like something that would be good for my wife and me. I am curious, however, before we enter into an agreement, whether there are any circumstances under which this type of agreement is a bad idea. Are there any situations where we would want to avoid this survivorship agreement? – P.B. For many decades, T
