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Show WEEKLY REFLEX-DAV- IS NEWS JOURNAL, JULY 15, 1976 2? 5'v '"'5 S' dagjjle SG0!1E becoming an Eagle Scout. The special ceremony was held at the Syracuse Second LDS Cultural Hall. Russell is the oldest in a family of six children. And is a member of Troop 83 of Syracuse. HE IS a student at Clearfield High School, and has been employed by Lagoon Resort in Farmington, for the past two years. He is an active member of the Syracuse Second LDS Ward, and has been an officer in his priesthood quorums. RUSSELL KUCK Russell Kuck, the sixteen year old son of Mr. and Mrs. Robert W. Kuck, of 1602 West South, Syracuse, has been awarded the honor of 2700 HE HAS had excellent support as his mother has five brothers all of whom are Eagle Scouts, and Russell has followed closely in their patterns since. His grandparents are Mr. and Mrs. Norman Hawks of Huntsville, Utah, and he also has a Arthur R. Anderson, of Syracuse, who too was always a great scouter during his earlier life, vsb Disa 1 CiiGoEi n, Additional paintings have been donated to the Community Fine Arts Festival for prizes by Nancy Ketchum, Anna Spiess, Ethel Patrick, Linda Wheadon Rasmussen, Nancy Lund and also a Maxfield Parrish print. Tickets may be purchased from members of the Bountiful Art League and also from the Bountiful Art Center and the Davis U. Complex. Dates for the Fine Arts Festival will be August 6 and 7. Showing some of the paintings are, to r, Hanna Spiess, Ethel Patrick and Tony Rasmussen. ART FAIR 1 LDS HOSPITAL is trying to meet the preventative health care needs of the community by educating patients, he said. Learning how to examine your breasts can save your life, according to Peggy Stevens, R.N., program coordinator. MORE THAN 1500 women have received instruction since the program began on April 1. The program is endorsed by the American Cancer Society. Breast lead to earlier detection and higher self-exa- Estate taxes and trusts no longer a concern only for the rich: Once upon a time estate taxes and trusts were a con - cem for the rich. Thanks to ! inflation and the taxing of life : insurance, you dont have to ; be rich to be soaked by estate taxes. Many people may be relatively poor in life, yet rich ;in death. IF THE farmer should die before planning his estate, his family instead of inheriting substantial assets to provide - - for their future may find they are faced with forced sales to pay the State Inheri- Many farmers who were scratching a living out of 40 acres or so suddenly find the old farm worth several thousand dollars an acre and realtors knocking at their door to buy it for various real estate projects and-resal- tance and Federal Estate taxes which must be paid nine ; BACK IN 1939 when the j$60,000 estate tax exemption Iwas established, this was a lot of money. Now with inflation and the appreciation of land values, a $60,000 tax exemption is not too much. - ble. For example, a policy could be owned by a wife, and if premiums were paid out of her own independent funds and the husband had no control over the policy, then it is not an asset of the husband whose life is insured. It need not be listed as an asset on the tax return when he is deceased, and the e. months after death. Life insurance formerly was not taxed by the Federal Estate Tax. Then the law was changed to allow a $40,000 proceeds of the policy are subject to any tax at all. GIFTS MADE in contemplation of death are taxable in a mans estate just as though the gift had not been exemption. Finally it was changed again, so now all proceeds of a persons life in- surance must be included in his estate for taxation just as other assets. Federal Estate taxes start at 4 percent and go as high as 77 percent. made. This brings up the very difficult question of when a gift is or is not made in contemplation of death. When federal estate taxes were first imposed many years ago, there was no such thing as a gift tax; therefore when a wealthy man got old or sick, he proceeded to IT IS possible, of course, for mans life to be insured under a policy owned by someone other than himself, and this is frequently advisa a DfeiiEti ntSvV CsiMiga. New excitement New : New spirits Here comes Courier 76, Coming on strong built-i- n IT SEEMS that every time a taxpayer finds a loophole, the tax collector gets Congress to change the laws so as to plug the loophole. In 1950 the law was amended to provide that the Treasury Department could claim that a gift was made in contemplation of death only if that gift were made within the last three years of the taxpayers life. Therefore, if you want to reduce taxes by gifts, plan on living three years after the gift is made. THIS BRINGS up the question of estate planning so as to avoid this tax bite on the property you would want your spouse and children to use and enjoy. Your attorney, trust officer, accountant or life underwriter can assist you in planning your estate to reduce these taxes considera- testamentary trust, KewqptfonsL. with its children. ble. You may say, I have a will, and if I should die, my estate goes into a trust for my familys benefit. This is a W Kewronm not reduce the taxes on his estate by giving a large share of his assets to his wife and toughness. Its got a lot of new features like Optional transmission and new soft-ripackage. And it's ready to take anything youve got, 'cause its a gutsy little truck. See the exciting new Courier, shown here with optional Convenience and Decor Group and sporty dual accent tape stripes. At selected Ford Dealers now. de - I 'v' '' 's or a your family. in- vestments. Real estate management and tax assistance are also available for the trust, and should the trustor become ill or incapacitated, the trustee can keep the estate functioning to provide funds for his care and support for his family. is a THE LIVING Trust confidential arrangement between the trustor and his trustee which bars public scrutiny, since it avoids functions It probate. immediately upon death without the delay and expense of probate. In effect, it allows the trustor to his probate own estate while he lives. With just a will it is not unusual for relatives, friends, servants, employees, or even charities to challenge the will. Such suits are typically filed during or after probate by MANY PEOPLE think that once a trust is set up, the trustors hands are tied; that he has no say-s- o over what is done with the a trustor actuallyproperty, maintains control in a Living Trust " He can change it, add to it or revoke it in part or If the trustee isentirely. a cor the most colorful cavalry figures of the Civil War was Turner Ashby-kill- ed 114 years ago this One of spring, in 1862. STONEWALL Jackson was especially fond of Ashby, who was very and rode a white horse. He was too daring, and more than once Union officers spared his life because they so admired his bravery. There was that kind of chivalry in warfare in those well to remember. days-i-ts IN THE Harrisonburg, vicinity of Virginia, because they were not named, or because they received less than anticipated. HOWEVER, where a trust has been set up and has been Confederates in the same counter. relatives disappointed vision, it is very difficult for anyone to claim that the trustor was incompetent or under duress when it was set up. It is apparent that planning and drafting ones estate and will are not always simple tasks. It is important, therefore, to deal with trust experts. Those who can help are lawyers, bank trust ofin- surance advisers. SOMETIMES IT is helpful to seek the advice of all four Buck-tailthe Pennsylvania was captured by the s, en- HE TOLD his Confederate captors: I have today saved the life of one of the most gallant soldiers in either army-Gene- ral Ashby- -a man I admire as much as you do. His, figure is familiar to me for I have seen him often enough in our front. He was today within 50 yards of my skirmishers, sitting on his horse unconscious of the danger. I SAW three of them raise suc stopping two and their guns to fire ceeded in I where the situation is involved. Two good choices would be a lawyer and a bank trust officer. In any event, talk to a lawyer but be sure - are all trained and Cited At Hill AFB contractor negotiator at Hill AFB has been cited for a Dennis J. Moss of that Layton suggested reduced paperwork in the Directorate of Procurement and Production. Mrs. Moss and her husband Dennis have four children. She is a daughter of Mr. and Mrs. Leroy Johnson of Washington, Utah. Lady Golf Novice cancerous And that most breast cancers are discovered by women themseves. It takes only ten minutes a month to do a self breast examination, she said. THE DATA show single women over 35 without children are more likely to develop breast cancer than are married women under 35 with children. Family health histories of breast cancer also influence the likeliness of contracting the disease. Mrs. Stevens said breast cancer is the number one killer of women who get struck up the gun of the third, as it went off. Ashby is too brave to die in that way. Ashbys men appreciated this eulogy (unknown to Kane Ashby had been killed a few hours later) and after the war one of Stonewall Jacksons staff, Henry Kyd Douglas, of Maryland, thanked him in Pa. personally Harrisburg, DOUGLAS was there to ask the Pennsylvania legislature to remove the Confederate dead from Gettysburg. Kane and another great Pennsylvania soldier of the war,. General John Hartranft, convinced the legislature to do Caddie: "It isnt the bal you thats gone, miss-i- ts wrist watch. HE ATTENDED USU for two years and served as Young Adult Leader of his ward. Craig is the son of Mr. and Mrs. Lowell Taylor of 360 East 100 South, Kaysville.np Max Mifflin Commended At Hill AFB Max Mifflin of Layton has been commended at Hill AFB for a method of elimination of electrical shock hazard on signal generators. HE IS assigned at the base as an electronics mechanic. Mr. Mifflin and his wife, Kaye, have one daughter. Mrs. Mifflin is a daughter of Mr. and Mrs. Alden Burton of Fruit Heights. WHEN CAMPING -P- R0TECTWITH CARRY-HOM- E Coverall 4 MIL PLASTIC COVER first to Ashby was the employ a battery of horse artillery in the war and was said to have once fought 30 cavalry engagements in 28 days. Stonewall Jackson said he never knew his superior. AFTER the war Ashbys remains were removed from Charlotesville and he was buried at Winchester-i- n the Valley of his proudest days. The wealthy native of Fauquier had fallen at 34. Entertains Mrs. Betty Abrams entertMountain Road Neighborhood Birthday Club at her home Thursday evening. Mrs. Doris Ball was hostess ained at the Wednesday afternoon to the Delite Pinochle Club at Kens Restaurant in Layton. np 500 GOOD USED WINDSHIELDS SSder Back Glasses Residential Sal thru Jun Glass WARP BROS. window panes patio doors', etc. e FAST INSURANCE CLAIM SERVICE e GUARANTEED AGAINST LEAKAGE Chicago 60651 Displayed & Sold at These Hardware, Home & Garden Centers KAYSVILLE BUILDERS 3 E. 2nd IJ., (after its gone at as studentbody president in 1974. He was named one of the 100 All American Basketball Stars in the Nation. so. tenth swipe of the ball) . Thank goodness, HIS MISSIONARY farewell will be held Sunday July 25 at 1:30 p.m. in the Kaysville 2nd LDS Ward Chapel. He is a graduate of Davis High School where he served SPECIALISTS A suggestion. SHE SAID only two in ten breast abnormalities will be Elder Craig Taylor has been called to serve a two year LDS Mission to the Mission. He will enter the LDS Mission home in Salt Lake City on August 7 prior to his departure for Australia. AUTO GLASS experienced. Mrs. Moss cure rates, she said. Mrs. Stevens said when breast cancer is discovered early, 90 percent can be cured. T. Ashby: Colorful Civil War Character Ashbys horse was shot from beneath him, on June 6th, 1862. He thereupon undertook to lead a charge on foot, was shot through the heart. Colonel Thomas Kane, of MRS. The Living Trust or "Inter Vivos Trust is set un to serve the trustor while he lives as well as take care of his estate and beneficiaries after his death. 1573 North Main, Layton, Utah with ficers, accountants and future only. fFOiiS SALES provided management of funds and MOREOVER, this will becomes a matter of public record through probate, which means anyone and everyone (including your competitor) can see the provisions of the trust for probate can be avoided by setting up a Living Trust. It is called living because it is set up while the trustor is alive with plans for today as well as for the future. A trust under a will, or a testamentary trust, is a plan for the E&Fv3 is trust as a the operating for a few years under the trustors super- THIS PUBLIC spotlight of wife porate fiduciary (such bank or trust company), trust under a will. If planned properly, it will effect the desired tax savings. However, such testamentary trusts must be probated before the estate can ever be put into trust. It is probated like any other will, and then the executor is directed by the court to place the estate in trust in accordance with the terms of the will. Furthermore, and even more senous, the operation of the testamentary trust will be open to the public (including your competitor) every year as long as it is in effect because the trustee must file an account each year with the court. New smooth ride , To Serve In Australia great-grandfathe- r, Elsepia! Toaoliss Nurses at LDS Hospital are teaching all female patients how to detect signs of breast cancer through individual training in before they are discharged, according to David B. Wirth-lihospital administrator. CRAIG TAYLOR Quality Glass Kaysvi.la 376-42- 23 |