Nebraska High Court Affirms Ruling Requiring Inheritance Tax To Be Paid By Trust

(May 13, 2024, 1:48 PM EDT) -- LINCOLN, Neb. — The Nebraska Supreme Court on May 10 affirmed a lower court ruling requiring inheritance taxes to be paid by a trust that devised a decedent’s house to his girlfriend and the residuary to his three children, finding that the trust language clearly shows that the inheritance tax was to be paid out of the trust rather than pro rata, according to the individual beneficiaries....