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19 Dec |
There may be a charitable organization that has special significance to you. Maybe an organization assisted your community after a natural disaster. Or another provided life-saving medical care to you or a loved one. If you want to say “thank you” to an organization with a donation, you can do so through your estate. Here […] |
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28 Sep |
If you have ever been appointed the trustee of a trust, you quickly learned that there are a number of responsibilities you must follow in the administration of the trust. Those responsibilities just recently increased thanks to the Nebraska Legislature. Legislative Bill 72 (LB 72) requires that the trustee must satisfy all claims for Medicaid […] |
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17 Jun |
Although we don’t like to think about the end of our lives, death is inevitable. It is important to be prepared. Estate Planning is a primary practice area of attorney Timothy Buckley. In this video, he explains a few key points we all should consider in our end-of-life planning. Contact Tim at 402-339-9550 or buckley@adamsandsullivan.com |
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24 Dec |
Many people with modest wealth may think that estate planning is not important anymore, given the fact that the federal estate tax exemption will increase to $5.45 million in 2016. With such a high exemption, most estates will not be affected by the federal estate tax. However, that doesn’t mean estate planning isn’t important for […] |
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12 Aug |
On June 26, 2015, the United States Supreme Court ruled in favor of marriage equality, finding that the Fourteenth Amendment of the Constitution requires all states to issue marriage licenses to same-sex couples and recognize same-sex marriages entered into in other states. Following is a brief background on the history of this issue in Nebraska. […] |
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22 Apr |
Timothy J. Buckley shares important tips for estate planning for people from every walk of life: |
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02 Dec |
Under current rules, the IRS will impose an Estate Tax on the estates of decedents who passed away in 2014 with a net value in excess of $5,340,000. Many individuals with a high net worth that may be subject to the Federal Estate Tax upon their death often take advantage of the IRS’ Annual Exclusion […] |
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10 Nov |
When considering estate planning, people often think mainly about drafting a last will and testament to dispose of their property they leave upon their death. An important estate planning component to consider is who will take care of your personal well-being and finances in the event you become physically and/or mentally incapacitated. A durable power […] |
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01 Oct |
The Nebraska Legislature recently passed the Public Guardianship Act, which will go into effect January 1, 2015. The Act addresses issues that arise when an individual is in need of a guardian and/or conservator and there is no one available or willing among the individual’s family or friends to volunteer to serve that role. The […] |
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10 Mar |
Many people see or hear advertisements about having a revocable living trust prepared so they can avoid probate at their death. While such a trust may be beneficial for some, it is not necessary for everyone. A basic living trust is set up as follows: you execute a document, called a trust agreement, which creates […] |
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