Nebraska Revised Statute 77-2008.04
Inheritance tax; power of appointment; exercise or nonexercise; not subject to tax.
- Laws 1955, c. 301, § 2, p. 940.
In the case of a general power of appointment, interest in the property transfers from the donor to the donee at the time of the donor's death whether or not the power itself is exercised. In the special case of a general power of appointment where the donor and donee are also husband and wife, such transfer is not subject to inheritance tax. In re Estate of Nelson, 253 Neb. 414, 571 N.W.2d 269 (1997).