Nebraska defines the term parent for purposes of the Nebraska inheritance tax.
"(1) reception of the child into the home and treatment of the child as a member of the family, (2) assumption of the responsibility for support beyond occasional gifts and financial aid, (3) exercise of parental authority and discipline, (4) relationship by blood or marriage, (5) advice and guidance to the child, (6) sharing of time and affection, and (7) existence of written documentation evincing the decedent's intent to act as parent."
In this case, the person who asserted that she was the child of the deceased wanted to claim the full $40,000 inheritance tax ...
Read More
Three Reasons to Have a Revocable Living Trust
Reasons to have a revocable living trust instead of a will include:
Administration of your estate is much less expensive than probating a will.
It is usually quicker to administer a trust rather than probating an estate via the court system.
It is entirely private. There is no public record of your assets or the identities of your beneficiaries. ...
Read More
Unsent text message qualifies as a holographic will in Australia.
According to Yahoo News the Australian Supreme Court recently held that an unsent text message giving his house and pension to his brother rather than to his wife and son qualified as a will. The word "will" was in the text and the man died shortly after the text message was written.
The deceased was experiencing problems in his marriage at the time of his death. The wife, however, was able to elect against the estate and obtain some money.
Lesson:
Don't rely on a unsent text message to dispose of your property. A will or trust is much more reliable. ...
Read More
- « Previous Page
- 1
- …
- 5
- 6
- 7
- 8
- Next Page »