How should I distribute my assets if I don't have a will?

If you don’t have a will, your assets will be distributed according to Nebraska’s intestacy laws. Intestacy laws vary from state to state and are the laws that determine how a deceased person’s assets are distributed if they die without a will, also known as dying “intestate.” In Nebraska, assets that were owned solely by you, and not jointly with someone else, will be distributed among your closest living relatives in the following order: 1. Your surviving spouse 2. Your children 3. Your parents 4. Your siblings 5. Your grandparents If you do not have a living spouse, children, parents, siblings, or grandparents, your assets will go to other relatives in descending order of their closeness to you. If you do not have any living relatives, your assets will go to the state of Nebraska. The most important thing to do is to make sure you have an estate plan so that your assets are distributed as you would like. A good estate plan can help you to avoid probate, reduce taxes, and protect your loved ones. An estate planning attorney can help you to create an estate plan that fits your needs and follows your wishes. Having a will and other estate planning documents prepared by a professional will help to make sure that your assets are distributed to the people and causes that you care about, no matter what happens.

Related FAQs

How can I protect my family's inheritance from creditors?
Who should be included in an estate plan?
What is an estate tax return and why should I file one?
How can I reduce the estate tax burden?
What happens to an estate if there is no will?
How can I provide for my dependents after I die?
What is a last will and testament?
What should I do if I suspect an invalid will?
How do I transfer a business after I die?
What is a pour-over will and how does it work?

Related Blog Posts

Understanding Estate Planning Law: What You Need to Know - July 31, 2023
Developing an Estate Plan: A Guide for Families - August 7, 2023
Tax Planning Strategies for Estate Planning Professionals - August 14, 2023
The Basics of Estate Distribution and Taxation - August 21, 2023
Exploring the Benefits of a Living Will - August 28, 2023