What is Nebraska's small estate limit for collecting personal property by affidavit?
$100,000. If all personal property in the estate, less liens, does not exceed that amount, a successor can present an affidavit 30 days after death directly to whoever holds the property, with no court filing. The cap rose from $50,000 effective July 21, 2022, so older references to $50,000 are outdated. Details are on the Nebraska Judicial Branch self-help page.
When must a Nebraska personal representative file the estate inventory?
Within three months of appointment. Neb. Rev. Stat. 30-2467 requires an inventory listing each asset in reasonable detail with its fair market value as of the date of death, filed with the county court and copied to interested persons who request it.
Does Nebraska require a particular kind of appraiser for estate property?
Only for real estate, which the inheritance tax statute generally routes to a credentialed real property appraiser. For personal property, the personal representative may employ qualified, disinterested appraisers, different ones for different asset types, with each appraiser's name and address recorded on the inventory.
How are hard-to-value assets timed for Nebraska estate tax purposes?
For assets without readily ascertainable values, a valuation dated within 30 days before distribution controls for state estate and generation-skipping transfer tax purposes if otherwise reasonable, a timing rule that matters for closely held business interests and unique collections.