Thanks to those that braved the forecast of wind, snow and rain. We finished in time to get home before the weather hit.
Next workshop is Tuesday, February 13, 2018, 6 p.m. at the Enterprise Center. ...
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New 2018 Tax Law
With the new 2018 tax law, the federal estate tax is increasingly irrelevant. Individuals get a $11.2 million lifetime exemption and married couples get to exclude $22.4 million. As you can probably imagine, this won't leave too many families paying the estate tax.
But just because your estate isn't taxable under federal law that doesn't mean you don't need estate planning. The cost of probate is the most tangible concern of every Nebraska resident who owns real estate and that isn't changed by the new federal law. ...
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Nebraska is only one of six states that has an inheritance tax.
A good article at the link. A repeal effort failed in 2012. Iowa also has an inheritance tax.
When an estate or the trustee of a Revocable Living Trust sells real estate, title companies require an inheritance tax determination. That's how the inheritance tax is effectively collected.
http://www.thebalance.com/state-inheritance-tax-chart-3505460 ...
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