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30-2322. Homestead allowance. A surviving spouse of a decedent who was domiciled in this state is entitled to a homestead allowance of seven thousand five hundred dollars for a decedent who dies before January 1, 2011, and twenty thousand dollars for a decedent who dies on or after January 1, 2011.
Surviving Spouse Entitled to Part of the Estate: If the decedent had surviving parents but no issue, or surviving issue all of whom are the surviving spouse's issue, then the surviving spouse is entitled to receive $100,000 plus 1/2 the balance of the estate.
The inheritance tax must be paid within 12 months of the date of death, otherwise interest accrues at 14%, with penalties of 5% per month up to 25% of the tax due. An estimate of the tax amount can (and usually should) be paid by that 12-month date if there is a delay in determining the final amount of the tax.
When two or more persons share a priority, those of them who do not renounce must concur in nominating another to act for them, or in applying for appointment.
Nebraska Inheritance and Gift Tax If you leave money to your spouse, there is no inheritance tax. For other relationships, the following rates apply: Class 1: Parents, siblings, children, grandparents and any spouses/descendants of these relatives. These individuals pay 1% on any value over $40,000.
30-2314. Augmented estate. (ii) Any property owned by the surviving spouse at death of the decedent or previously transferred by the surviving spouse, except to the extent to which the surviving spouse establishes that such property was derived from any source other than the decedent.
The maximum exempt amount is the taxable value of the homestead up to $40,000 or 100% of the county's average assessed value of single family residential property, whichever is greater.
There are no income limits and homestead value requirements for categories 4 and 5.