When you have been named executor of an estate, generally because your loved one has left a will, you may need assistance with the probate process in Nebraska. While there is a simplified probate process, it is generally meant for small estates, those valued at less than $50,000, this does not apply to many people. That means as executor, you will have a number of tasks to complete beginning with presenting the will to the Probate Court for validation.
Once the court has verified the validity of the will, you will be responsible for notifying heirs, creditors, and cataloging assets. All assets of the estate, excluding life insurance policies, or retirement accounts with a named beneficiary, must be valued as well. This is particularly important since there is an estate tax in Nebraska. Bills of the estate must be paid, taxes paid, and assets must be distributed to the heirs as per the will. This process can be complicated if someone contests the will, or if there is no will. This is one of the reasons many people turn to an experienced attorney for help with Nebraska probate matters.
If you have been named executor of a will, or your loved one has died intestate (without a will) contact the office of Carney Law, located in Norfolk, NE. We can help you through this process and ensure all proper deadlines are met, and taxes are properly filed to close out the estate.