Federal Estate and Gift Tax Updates – July 2025
The One Big Beautiful Bill Act (OBBBA) was signed into law, July 4, 2025, and it impacts many types of federal taxes, including federal estate and gift taxes, related to estate planning. Specifically, the lifetime [...]
Corporate Transparency Act (CTA)
The Corporate Transparency Act (“CTA”) is a federal law that was enacted in 2021 and became effective January 1, 2024. The CTA was created to reduce money laundering and bad acts by shell companies, by [...]
Changes to Gift and Estate Tax Rules
The Tax Cuts and Jobs Act that was passed in December of 2017 made changes to both gift and estate taxes. These changes did not repeal gift and estate taxes, rather the exemptions on these [...]
Notice Required: Agricultural and Farming Workers’ Compensation Exemption
Certain employers in the agricultural and farming industry are exempt from providing mandatory workers’ compensation insurance for their employees under the Nebraska Workers’ Compensation Act if they employ less than 10 full-time employees (other than [...]
CHANGES TO NEBRASKA INHERITANCE LAW FOR 2022 AND 2023
Nebraska is one of six states that imposes an inheritance tax when a resident of Nebraska, or an owner of land located in Nebraska, passes away. Spouses and charities are exempt. For transfers to other [...]
Julie Karavas Speaking at Estate Planning Seminar
The information presented by local attorney, Julie Karavas of Karavas & Kranz, P.C., will help you understand how an estate plan can accomplish your wishes and avoid unintended consequences. RSVP is required and can be [...]
NEW ENTITIES – BEWARE OF MAILINGS
When creating a new entity or opening a new business, there are a number of forms that need to be completed and registered with an appropriate government office. These forms can be confusing. Unfortunately, many [...]
Possible Estate Tax-Related Changes During the Biden Administration
With the election of President Biden, coupled with the Democrats taking control of the House and Senate, there may be changes to the federal estate and gift tax-related laws. However, due to the debate over [...]
Karavas & Kranz Open New Nebraska Office
Karavas & Kranz, P.C. is excited to announce the opening of a new Central City, Nebraska office. This new location will provide an even more accessible option for our western and central Nebraska clients. Our [...]
Land, Oil, and Estate Planning… Really?
Ownership of oil, gas or mineral interests can be rewarding, but can also be complicated, especially if the interests are owned by an individual person…and that person dies. There are options available to make the [...]
Karavas & Kranz, P.C.
Colorado Office
1123 Spruce St., Ste. 200
Boulder, CO
80302 USA
Lincoln Office
8540 Executive Woods Dr
Lincoln, NE
68512 USA
Central City Office
1615 17th Avenue
Central City, NE
68826 USA