Nebraska stands among the few states that still enforce an Inheritance Tax. This tax is applicable when property is transferred from a deceased individual (the … Understanding the Nebraska Inheritance TaxRead more
Probate
Posted inEstate Planning / Probate
What is Probate and How To Avoid It
The term “probate” refers the legal procedure used by courts to determine whether a person’s will is valid. Probate can also refer to the process by which an executor or personal representative gathers a decedent’s assets to pay the debts, taxes and final expenses and then ultimately distributes the remaining assets to the beneficiaries listed in the decedent’s will.