What was the previous system? Iowa had a system that charged an inheritance tax. An inheritance tax is a tax charged to beneficiaries for the right of receiving assets. Iowa’s inheritance tax was imposed on anyone who was going to receive assets, either through a will...
When you lose a loved one, it may be difficult to determine what you need to do next. The grief associated with losing a loved one can obscure the next steps regarding managing and distributing someone’s assets after they pass away. Legal Jargon Before we go through...
“… but in this world, nothing can be said to be certain, except death and taxes.” – Benjamin Franklin. No truer words are spoken in the case of inheritance tax, although not every state has it. And if you’re wondering, “Does Nebraska have an...
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