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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Aretha Franklin estate
According to a recent news story the probate court in Michigan has ordered experts to examine the purported handwritten will of the late Queen of Soul. It supposedly was found under a seat cushion in her house.
The thing about an artist's estate is that there can be significant income after the artist dies. Think Michael Jackson. Or John Lennon. Or Tom Clancy. Aretha had a large estate and all of this controversy and litigation could easily have been avoided if she had just consulted a lawyer.
My point is that a properly drafted will or a revocable living trust is something that every person with property should have. My firm opinion ...
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