NEBRASKA INHERITANCE TAX

I recently had a question on the Nebraska inheritance rates. The rate depends on who is inheriting your estate. For example, if a part of your estate goes to a nephew, the county gets a 13% tax.

NEBRASKA INHERITANCE TAX AS OF AUGUST 16, 2012

	Exemption	Rate
Surviving Spouse	All	0%
Class 1 – Near Relatives Father Mother Grandfather Grandmother Brother Sister Son Daughter Child Children legally adopted Grandchild Any lineal descendent Any person to whom the deceased for not less than 10 years prior to death stood in the acknowledger relation of a parent Spouse of any of the personal listed above Surviving spouse of any of the persons named above	40,000.00	1%
Class 2 – Distant Relatives Uncle Aunt Niece Nephew Any of the above related by adoption Lineal descendents of the above (first cousin) Spouse of surviving spouse of any of the above	15,000.00	13%
Class 3 – All Other Inheritances More distant relatives Second cousin Great-Uncle Great-Aunt Great-grandparent Unrelated people		18%

All states are different and there is talk in the Nebraska legislature and by the governor of some changes.

We will keep you posted.