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Show SOUTHERN UTAH NEWS WEDNESDAY MARCH 12,2003 Community Charitable aivinqw - I 16 Browns win state award for restoration By Dixie Brunner which was completely missing and refinished. Sometimes a persons hard The exterior held even more from the south side of the house. business) and life insurance poli By Tim Croteau , Northwestern Mutual Financial Network cies all can be used to great adwork pays off - take Arthur and challenges, requiring the They also had new windows and to Did you know that your assets vantage in structuring a planned Alice Browns renovation of the Browns to replace severely dam- exterior doors custom-mad- e can provide lasting support to gift. William Derby Johnson, Jr. aged siding with new siding match the historic ones. Planned giving takes into considhouse at 54 South Main Street, milled to match the original. others while still benefiting you Thanks to the hard work of and your family? Through care- eration a variety ofdonor needs and for example. They restored the existing Arthur and Alice Brown, the ful planning today, charitable opportunities including: While the Browns 12 year porches to original condition and William Derby Johnson House y gifts can have a future impact far - tax and estate planning issues project has been at times te- reconstructed a porch, is now history. dious to from the income secure need and their hard beyond your expectations. expensive, work has generated state recogThrough the tax code, our gov- highly appreciated assets ernment encourages charitable - the desire to involve family nition and honors. The Utah giving by providing tax saving members in charitable giving deHeritage Foundation honored incentives designed to reward cisions the Browns with the coveted - special situations, such as the philanthropy. Heritage Award at an awards You may have heard the term sal of a business, that can give ceremony held at the University planned giving' but have not rise to tax savings through chari- of Utahs Fort Douglas Heritage made the connection to your own table giving Commons last November. situation. A planned gift is a now Planned giving through life The Browns didnt come to and later gift made to a chari- insurance Kanab with the intention of taktable organization. The present Charitable giving through life ing on such a big project, in fact value the now - ofthe gift may insurance is an effective way to they had built a new house outtake the form of: gift a certain amount to charity side of town. But every time they a charitable income tax deduction and pay for it with leveraged drove by, the Johnson house - the avoidance of capital dollars. The death benefit is gen- seemed to beckon them. The digains taxes erally many times the amount of lapidated building was in near the payment of income to you the premiums, and charitable ruin, with chipping paint, broor other family members gifts of life insurance usually ken windows and porches fall-The future value the later avoidreduceestateandgift taxes. ing off. The Johnson house - Gifting an old policy to a charity comes in the form of: looked more like a candidate for Arthur and Alice Brown used their persistence and vision to turn a dilapidated reducedestate taxes foryour heirs - Gifting insurance policy divia wrecking ball than carpenters eyesore (above) into a local landmark (below), winning recognition from the state for their historical preservation efforts. the ability to pass on charitable dends to charity tools! dollars to help your family carry - Changing a life policy benefiAlice an had Knowing that on your philanthropic legacy ciary to a favorite charity equilibrium problem on uneven There are three broad catego- - Buying a new life insurance surfaces, Arthur had her go into ries that describe most planned policy for the charity the home to see what her head gifts: Buyinglife insurance to finance did. Alices head indicated the Lifetime gifts and bequests a pledge or future donation to a floors were level, and the Browns Donof advised funds decided to buy the house. charity - Charitable trusts individual The house became theirs - lock, Philanthropy is as Within each of these broad cat- as each ofus are. Charitable gift stock and repairs! In the interior, the Browns egories, specific planning tech- planningshouldsuiteach donor's used are on the needs for demolished niques the existing walls depending being charitable today goals ofthe donor and the types of as well as in the future; for help- and removed an unsafe stairassetsutilizedtofundtheplanned ing the community as well as case to install insulation, new gift. Assets such as highly appre- taking care of loved ones; and for plumbing, and a new electrical ciated stock, low basis real es- addressing financial, tax, and essystem. All woodwork, floors and tate, closely held stock (family tate planning. doors were removed, restored two-stor- - - r family for yoi r f and its uture mxhmimaw Double Section (N. Plus delivery & set-- $28,995$$$$ 3 10 Years Fredonia High Schools drama Nine miles of the Kodachrome club presented Grease. Basin Road were bulldozed, and Kanab City received $820,000 roads were prepared to be paved to begin an addition to their cuat Highway 89 and Johnson linary water system. Ago-199- Quality Wholesale Homes ggsr Life insurance Disability insurance Annuities. IRAs Canyon. Cowboys finished fourth in region. Valley boys won first in region. Country Living Elder Care Croteau Financial Representative 251 N. 200 E. Tim Kanab. (435) UT 84741 691-426- 2 tim.croteaunmfn.com www.nmfn.comsouthernutahgroup Northwestern Mutual FINANCIAL NETWORK Country Living Elder Care is a quality residential elder care center located in Fredonia, Arizona that offers your loved one the d quality care they deserve in a clean home atmosphere with meals and daily activities in a warm family setting. home-cooke- 24 hour, 7 day a week care Arizona state licensed RN owned and operated Secure comfortable environment r. Activities, programs Ajr Cost based on level of care Nutritious d meals 'Tndr? if . Sri iAtTIi Short and long term care Warm and friendly compassionate staff V Day care and respite care We are now taking placements for residents. For information, call Hazel Honey, RN - (928) A(r!rr r" v Al home-cooke- 643-73- 62003 The Northwntam Mutual I InaurancaCo MiM ufcea Wl 3064-11- I "Superior Quality Homes Expert guidance and innovative solutions to help you reach your financial goals. Are You There Yet? jxL uj 90 3 20 Years ditch waters flooded Irrigation a nursing home. Kanab propery values were just ahead of the state average. The old Kane County Courthouse was demolished. Valley girls took third at state. Ago-198- SOUTHERN UTAH PUBLISHING - Full Service Printing vCall: 644-290- 0 -- Come In: 26 N Main, Kanab at the SUN Office K.H.S. got second place at Solo Ensemble. 3 30 Years The Five County Association of pubsupported a & - Ago-197- lic health services. More money was made available for rural development. The Boy Scout Court of Honor was set. The Fredonia building program didnt expect increased taxes. Se |