Wayne Ryan founded Streck Laboratories in Nebraska. He died in 2017. One of his daughters was my high school's homecoming queen. His family has been involved in all sorts of litigation during his life and that continued after his death.
In 2016, he entered into a written pledge agreement with the Shadow Ridge Country Club. The amount of the pledge was $20 million. Ryan's intent was to turn Shadow Ridge into "a significant asset to the City of Omaha" comparable to the zoo and TD Ameritrade ballpark. There was an 11-page list of capital improvements in the amount of $12.5 million. A statue of Dr. Ryan would be placed on the first tee.
One ...
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The strange case of Jack H. Gsantner
Jack H. Gasntner passed away in February 2012. He was 84. His wife had passed away a few months earlier. They had no children and few friends. After his body was cremated, the funeral director's bill was unpaid. As is allowed by Nebraska law, he was appointed as personal representative. At that time, there was no known will.
Gsantner's home in Omaha's Keystone neighborhood was inspected by the personal representative. There he found $5.28 million in assets; mostly bank accounts and securities. It turned out that Gsantner at one time owned 20 rental properties and one town home in Arizona remained.
Gsantner was well-known to be quite ...
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Divorce and estate planning
What if you are in the process of a divorce and you were admitted to a hospital? Imagine further that you were unconscious. What if your soon to be ex-spouse was your designated agent for making health care decisions as opposed to your children? That's not a good scenario.
The same scenario could apply to a durable power of attorney you have executed. While it would be contrary to the standard pre-trial order in Nebraska divorce cases, your future ex-spouse would have a "blank check" and full access to your assets.
My point is this. Once a divorce case is filed, it the best practice to revise all of your estate planning documents. ...
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