Those are the words of Nebraska Supreme Court judge William Cassel dissenting in the case of Wisner v. Vandelay Investments. The case result was that the estate of a 90 plus widow ended up losing real estate worth over a million dollars due to unpaid real estate taxes of $50,000.
Gladys Wisner owned 480 acres of Lincoln County, Nebraska real estate. In 2009 Gladys moved into a retirement community. In 2010, the real estate taxes became delinquent. In 2011, the county sold a tax certificate for the property. It yields interest at the rate of 14 percent. Because of that high rate, Nebraska has a very active market in these financial ...
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The Happily Married Couple QDRO
When people hear QDRO they think of divorce. But to the surprise of many there is no statutory requirement that a married couple divorce each other in order to transfer ERISA plan assets (usually a 401(k)) from one spouse to the other. The words "divorce" and "separation" do not even appear in ERISA.
I am one of the few attorneys in the country and the only one in Nebraska who can work this legal magic. And magic it can be as one married couple in the South was able to protect over $23,000 per year from the nursing home.
I spent over 100 hours researching and writing to adapt the In-Marriage QDRO to Nebraska law after I learned of it in ...
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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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