This column first appeared in the San Antonio Express News on October 2, 2017. On September 27, President Trump announced a nine-page framework to modify the tax code’s 74,000+ pages. Clearly more details must be announced, and should become public when an actual bill is filed in Congress. Currently, the federal estate tax is imposed when an unmarried person dies with more than $5.45 million in assets, or when the second spouse dies with more than $10.9 million in assets. Suc

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

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