The will of Beverly Freiden stated that real property at 18th and Jackson Street in Omaha "may either be sold or retained by my personal representatives as they shall determine."
The estate was informally closed in the probate court and no Personal Representative's deed was issued. Neb. Rev. Stat. Section 30-24,104(a) states that "unless a contrary intention is indicated by will, the distributable assets of a decedent's estate's shall be distributed in kind to the extent possible."
The Nebraska Supreme Court held that the real estate remained in the estate of Beverly Freiden. Normally a deed is required to convey real estate, but the ...
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Deceased piano teacher gives $7.5 million to the City of Ralston
LaDonna R. Johnson was a long-time resident of the City of Ralston and taught piano lessons. The City of Ralston plans to use the money to improve Ralston and connect its downtown with the Ralston Arena. This would expand its tax base.
Because Nebraska is one of only six states with an inheritance tax, I can report that Mrs. Johnson's estate totaled $35 million and of that sum, $18 million was Berkshire-Hathaway stock. In the coming years, there will be many Omaha estates like this.
The inheritance tax was $1.7 million.
Source: Omaha World-Herald, December 19, 2019 ...
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What can an In-Marriage QDRO do for you? (4)
At the end of the year many people make charitable gifts or fulfill pledges to charities. Some of the pledges can be substantial. And the money to make those tax deductible gifts usually comes from after-tax dollars.
With an In-Marriage QDRO, 401(k) money from one spouse's account can be paid in cash to the other spouse. That cash then can be given to the charity. The key thing here is that pre-tax money has been used and the married couple can take a tax deduction. Double bonus! Charitable gifts are one of the few tax deductions still available.
I want to stress that 401(k) money that is transferred doesn't have to sent to an IRA for ...
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