Marriage can offer many benefits for estate planning purposes in Nebraska, largely due to the legal and financial protections and privileges granted to married couples under the law. It may not be the most romantic thing ever, but there are benefits to being legally...
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 inheritance tax?"...
“If you fail to plan, you are planning to fail.” Benjamin Franklin’s oft-quoted adage rings all too true when considering estate planning. Topics such as drafting a will or choosing a power of attorney, which often simmer on the back burner, can quickly come to a head...
You’re getting divorced. That process alone is stressful, taking lots of time and energy. Then you experience a medical episode and are incapacitated. Now, the person you are divorcing is suddenly in control of your assets and your children. This is a preventable...
A carefully drafted premarital agreement can help create a culture of talking about money and financial openness in a marriage. It can also provide a framework for an amicable separation of the parties, in the unfortunate event of divorce.
Recent hearings highlighting the establishment and ongoing conservatorship for Britney Spears have thrust into the limelight this legal process, which is most often kept more private. But what is conservatorship of a person?
"What is a trust, and why do I need one?" We hear this question a lot, so let's address the basics. Trusts are important to ensure your beneficiaries will receive any inheritance without any problems. Trusts can also help protect your assets and eliminate probate time...
At Hightower Reff Law, we start with three basic questions to begin the discussion of the administration of an estate. The answers to these three questions guide the process of the administration of your estate and help ensure that your ultimate wishes are carried out.