Nebraska Estate Administration Lawyers
Losing a loved one is one of the hardest things that any family will go through. With a team of Omaha probate attorneys on your side, you can rest assured that your family's legal concerns are being taken care of, so you can be there for the people who matter to you most.
At the law offices of Kellogg and Palzer, we are ready to guide you through the estate administration or probate process. Sharing over sixty years of legal experience, our attorneys understand the challenges you face and the options you have available. And as a small law firm, your case will be handled directly by an attorney from start to finish.
The Nebraska Probate Procedure
Nebraska has an Informal Probate Procedure which applies to the vast majority of probate proceedings. Primarily a paperwork transaction, clients rarely have to appear before the court in order to administer an estate. By taking a closer look at your case, we will make sure you are ready for the entire process:
- Opening the estate: We start the process by filing for an informal probate proceeding. We will also collect the names and addresses of direct relatives in order to notify them of the probate process. If there is no will, we file for intestate probate.
- Appointing a personal representative: It is the duty of the personal representative to administer the estate, sell and transfer property, make expenditures, pay taxes and sign probate documents.
- Gathering of assets and preparation of the inventory: The first financial duty of the personal representative is to establish an estate checking account and a separate tax identification number for the estate. He or she must also prepare a list of all assets, including savings accounts, real estate, 401ks and life insurance.
- Notifying and paying creditors: You are required to give notice to all creditors of the decedent. We will help you do this by publication, as well as providing written notice to all known creditors.
- Determining and paying taxes: Estates are subject to four types of taxes: Nebraska inheritance tax, federal estate tax, Nebraska estate tax and federal income tax. Taxes vary depending on a number of factors, including the beneficiary and how much he or she stands to inherit.
- Distribution and closing of the estate: Once all taxes and creditors are paid, we can begin the process of closing the estate. By taking a closer look at your specific estate plan, we will help you come up with a distribution plan tailored to the needs of your family.
This is only a brief guide to how the estate administration process works. Every family faces unique challenges and it is our job to help your family find unique solutions. From our offices in Omaha, an attorney will handle every aspect of your case. Call 402-333-9200 or contact us online today to learn more.