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202102713
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Last modified
4/5/2021 9:55:02 AM
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4/5/2021 9:55:01 AM
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DEEDS
Inst Number
202102713
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Name of Primary Beneficiaries <br />202102713 <br />Mailing Address of Primary Beneficiaries <br />William D. Gellatly <br />25409 Thoreau W. <br />Stevenson Ranch, CA 91381 <br />Sean D. Gellatly <br />3080 W. Cedarview Rd. <br />Doniphan, NE 68832 <br />Travis R. Gellatly <br />2209 N. 176th Ave. <br />Omaha, NE 68116 <br />Alternate Beneficiary - none <br />We understand that if one or more of the above beneficiaries <br />dies before us, then at our death the property will only go to <br />those named above who survive us. <br />Drew R. Gellatly init <br />Minnie M. Gellatly initials <br />Transfer on Death <br />At the death of the survivor of us, we transfer our interest in the described property to the beneficiaries as <br />designated above. The transfer occurs at the death of the survivor of the Transferors. <br />Survivorship Required <br />Under Nebraska law, the interest of a designated beneficiary is contingent on the designated beneficiary <br />surviving the survivor of the Transferors by one hundred twenty (120) hours. <br />This Transfer on Death Deed is Revocable <br />Before our death, we (or the sun ivor of us) have the right to revoke this Deed. <br />Growing Crops - If this land is agricultural land the growing crops shall pass to: <br />❑ The Primary or Alternate beneficiary <br />0 The estate of the survivor of us <br />We understand that if we make no choice growing crops pass to the estate of the survivor of us. <br />Legally Required Warnings in the Transfer on Death Deed: <br />Please pay close attention to the following warnings: <br />1) The property transferred remains subject to inheritance taxation in Nebraska to the same extent <br />as if owned by the Transferor at death. Failure to timely pay inheritance taxes is subject to interest <br />and penalties as provided by law. <br />2) The designated beneficiary is personally liable, to the extent of the value of the property <br />transferred, to account for Medicaid reimbursement to the extent necessary to discharge any such <br />claim remaining after application of the assets of the last surviving Transferor's estate. The <br />designated beneficiary may also be personally liable, to the extent of the value of the property <br />transferred, for claims against the estate, statutory allowances to the last -surviving Transferor's <br />surviving spouse and children, and the expenses of administration to the extent needed to pay such <br />amounts by the personal representative. <br />3) The Department of Health and Human Services may require revocation of this Deed by a <br />Transferor, a Transferor's spouse, or both a Transferor and the Transferor's spouse in order to qualify <br />or remain qualified by Medicaid assistance. <br />Page 2 of 3 <br />
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