When to Say No to Being an Executor

If you find yourself asked to be an executor of a family member or friend’s estate for when they pass, there are a few things to consider before you say yes. While you might think of it as an honor, it is truly more like a part-time job. There are periods where action...

Can a Marriage Be Annulled After One Spouse’s Death?

Marriage is supposed to be “until death do us part,” but after one spouse dies, is it possible for a court to declare a marriage invalid (annulled)? It can be happen, as a Nebraska widower recently learned, but only in certain circumstances.  Marriage...

Probate vs. Non-Probate: What is the Difference?

When planning your estate it is important to understand the difference between probate and non-probate assets. Probate is the process through which a court determines how to distribute your property after you pass away. Some assets are distributed to heirs by the...

Biden Administration May Spell More Taxes For Your Estate

A new administration usually means that tax code changes are coming. While it remains unclear exactly what tax changes President Biden’s administration will usher in, two possibilities are that he will propose lowering the estate tax exemption and eliminating the...

Paying Taxes When Selling an Inherited Vacation House

While it may seem great to inherit a vacation house, in actuality it may not be practical to keep the property, especially for tax reasons.  There are many factors to consider when inheriting property, including taxes, any mortgage, and other owners. But if you...