Nebraska Probate Form 521a - Order Determining And Assessing Inheritance Tax

WHEN TO USE THE FORM: At any time the Court is to enter an Order assessing inheritance tax, this is the appropriate form.

HOW TO USE THE FORM: The information required in paragraph 4, name of the beneficiary and the tax due, should correspond with Form 500, Inheritance Tax Worksheet. The tax apportionment between counties should follow Form 500.

WHEN NOT TO USE THE FORM: If there is no inheritance tax due, do not use this form; instead, use Order Determining No Inheritance Tax Due. Form 521b.

COMMENTS: If Nebraska Inheritance Tax is not paid within twelve (12) months after date of death, interest shall be charged at the rate set by Neb. Rev. Stat. § 45-104.01 until collected, from date due until date of payment. Neb. Rev. Stat. § 77-2010. Payment may be delayed if there is a delay in coming into possession of the property. Neb. Rev. Stat. § 77-2009. The Personal Representative or Trustee distributing estate property shall deduct the tax therefrom or, if the devise is not money, shall collect the tax thereon prior to delivery. Neb. Rev. Stat. § 77-2011.