Maybe you want probate. Maybe you want the court procedures involving a judge. But know that it usually means at least a year until your heirs get their money. And also know that significant attorney's fees will be part of the process.
A high-profile Omaha personal injury attorney passed away recently. He owned over two million dollars worth of Douglas County real estate in his own name. His estate is headed for county court. Again, maybe that's what he wanted. But my view is that his heirs would have been better served with a revocable living trust. It's quicker and the attorney's fees to administer the estate are way less. ...
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A Cautionary Tale for the Unmarried
A woman who worked in my building died of Covid-19 this week. She was 52 and, as far as I knew, was healthy. It was a total shock to learn of this.
I had met with her about a month ago for an hour. She was a real firecracker; full of life.
From our meeting I thought she was married and had three children. It turns out that she wasn't married and had no children.
If she didn't have a will, the man she considered her partner and his children will get no part of her estate. You see, the State of Nebraska has a plan for your estate even if you don't have a will or revocable living trust. And that plan doesn't include giving property to a ...
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When does a charity cease to exist? Charitable gifts in wills.
Hamilton County, Nebraska operated a nursing home facility in Aurora. This is common throughout Nebraska. The name of the facility was Hamilton Manor.
Nelda Ackerson was a lifelong resident of Hamilton County. She was grateful for the services she and her sister received at Hamilton Manor so she left it $875,000 in her will. She died in June 2017.
Hamilton Manor experienced financial difficulties and the County ended up lending it $925,500. A for-profit operator was brought in to manage the nursing home. Eventually, the for-profit company built a new nursing home and the County closed the old building in April 2018.
Mrs. Ackerson's ...
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