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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Did you intend that your spouse receive zero from your estate plan?
Yes, that could happen if your estate is divided per a formula provision that incorporates the provisions of the federal tax code.
This is how it could happen. Suppose you executed a will in 2008 that divided your estate so that your federal estate tax marital deduction is maximized. Back in 2008, the basic exclusion amount was $2,000,000. Today it is $11,180,000. Using that old formula means that your surviving spouse receives nothing under your current will; either outright or in trust.
If you have an old estate plan that uses a formula distribution based upon the maximum marital deduction contact me for a free initial consultation. I ...
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A DIY will frequently creates issues about its validity.
Susan had the execution of her will personally observed by Ruth. Ruth then signed the will after Susan signed it. Although the opinion doesn't state so, the will might have been one purchased at an office supply store or typed up by Susan.
Susan then took the will to her bank where Allen notarized it. Allen didn't recall this particular notarization but his habit and practice was that he would notarize documents for people that he recognized as bank customers. Allen knew Susan as a regular customer. Over objection, the habit evidence was admitted by the county court. The county court held that will was valid and it was admitted to formal ...
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