When is a Nebraska probate inventory due?
Within three months after appointment. The personal representative prepares and files an inventory of the property the decedent owned at death, listing each item with reasonable detail, its fair market value as of the date of death, and any encumbrance, and sends copies to interested persons who ask for it. Those date-of-death values are the same ones the county uses for inheritance tax, so one appraisal serves both.
How do Nebraska courts divide personal property in a divorce?
Reasonably, having regard for the circumstances of the parties. Nebraska is an equitable distribution state, not a community property state, and the statute fixes no valuation date; Nebraska courts have held that a judge need not pick a single date for the whole marital estate as long as each date rationally relates to the property being valued. An appraisal of vehicles, household goods, collectibles, or a business interest prepared to the date counsel specifies gives the court a current figure.
Who is exempt from Nebraska inheritance tax?
Surviving spouses, and anyone under 22 years of age, regardless of the amount. Above that, the tax turns on relationship: immediate relatives owe 1 percent on what they receive over $100,000, remote relatives 11 percent over $40,000, and other beneficiaries 15 percent over $25,000, all on clear market value. Those thresholds apply to deaths on or after January 1, 2023; earlier deaths fall under the older, lower exemptions.