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Show Fhi Salt Slaying Ahead: Nows i)HK Irf I"' .1 ' ',"uii. 1,1 iouili' Mjrricii j, ,U ' i.j n ( ' I' It Soui spouse dies owing mon- el the i leditm s cannot normalU put a lien against Joint plopeits that has pis ed tii soil unless ou also signed (.AWIl'd in tic M.mx likv it I'UI Ulillllll lids llH M'jlJI ,lU' In min d s ul iiiidiu idl nidi' 1111 111 Imi i i iiM-- m dmi ( i ttie debts) l l'i i II state, joint ownership sails sou I rum going through pi abate there tJi The mat Mage becomes a Hue economic mi tnei ship sliaie and share alike I'liidinu' Fur Ha1 iiirni. il juggi'i-t- rum lung t trim obligations bri-j- l iiurriugi' unequally as the courts decide) ol who holds formal title Hut vour out ol court bargaining Irtv-du- il up Irumi dll ju.st when joint proports lias brcuinc mnutionally j.ui'pi'ft His stalling lu main.' bettor H'lisc under tbe law I used tu write columns about the jis in which joint ownership cost married couples time, moil- ei and llcxibiliu .s in Hut maii power is strongei it loin name l' on ci mulling A ou might take this point as an ai giimeiit Ioi sepaiateli I.iM ol I held I w wo In the nine communitv-ptopeit- i ou get man ul the advan states joint propertv automatically ou II need legal help il vou decide that uu want to hold some propertv scjiarateli rather than In call think ol ellli bull situations it jont piopmti might c.iu-- c ol lad. Ioi mumed couples spouse is culm ruble to couit iiuigmeiits His i rediteis could tile a lien against the joint piopmti .ind ei mi though com sliaie noi mulli i an t be seized it s complicated to get vour monei out Depending on state law the c i editor might loice the sale ut a jointly owned house, in ordei to get at the spuuse s hall In this case, the i able spouse would do belter lu hold prop erty in his oi her separate name Keen then, warns New Yolk attorney hdwurd hogel, you re corn ting a law suit il you tr.inster property in older to eiade juicing a judgment I1 Hut remember You would have to hold ad percent ol the marital piupei tv in lour own name to equal the interest lou d get Irom joint propel tages lu piohiciiis piopciti tv ioi Juiril ownership protects the interests of both paitners in case ol In most states, marital proper-tcan now be dmded equally lor . Thurxd.i. lanuatA Cj I'M, If, ime lor Join I Ownersliip in Marriages L uu hold teal estate in another Like Fribuiu Yam hale a net woltli utioii aboce film Ul'U til I'.IHVi This makes you liubu for lederul estate taxes winch i. in be uconled it cadi spouse holds some ju opci tv sepal ale li and leai os it in cast A It cc stales led then own lllhcll tunec taxes on sums well below $ iKi non w hen w itmg loin will ask com luwyt'i whether separate own ei ship would sale am taxes in com cm n state i"i You y ,1101)110 l i bale i3i You i hi Idi en Irom a pi lot you put ei cry thing into joint names with lour new spouse and then die the spouse uiheiits and lie ol she may mac eiertlung To nut proiide lor vour childien m image II guui untee their mhciitume vum properly sejialate and lean- it to them in your w ill 11 a house is com duct asset, joint owncishli mac be mine eonceiueiii In tills case consider plodding Ioi x children by naming them bench ol com hie nistiiunce poln i ogel sac s ocii iianes I' i4i You leal that Coin muiliugi wont last disgruntled spouse can clean out a joint bank account a joint sate deposit box and olleii a Join1 brokerage account Separate metier slop protec Is yum personal pi open tv J unit v held real estate, however cannot be sold o'lt from under iou a good icason to own the (uimlv house in both rallies kicji Yvft JU i'd ' Ul ti decision making ul lhu.se old constraints no longer exist hor exanijile. it used to be that Jointly owned bank accounts or safedeposit boxes were frozen when one spouse died, money was often tied up lor quite a while Uut estate planners tell me that - lately happens any mure Banks are giving surviving spouses the access they need to Joint accounts, to pav then bills and keep up the household Kail) ol you might want to have a modest amount of money in separate names, just m case difficulties arise But Irjzen bank accounts are no longer good arguments lor keeping property separate Another example Many spouses used to face a tax on joint propertv w hen the other spouse died That's no longer true In lad. nowadays the case lor jointly owned assets in marriage seems to me to be very strong, for the follow ing five reasuns (1) You get the other hall ol the joint property automatically, when your spuuse. dies There is no need to go through probate, which will certainly save your survivor some mon- - u Sales on Rise For Beehive 'International I Beehive International s sales have been increasing consistently since they bottomed out in mid 1985 The Salt Lake computer terminal manufacturer, which filed lor Chapter bankruptcy in October 11)84. made that assessment m releasing its sales and earnings for its fiscal vear ending Sept 30 City-base- 1 Beehive's net sales totalled $13 7 million compared to $28 6 million the year before The company attributed that 32 percent decline to the effects ol it filing for Chapter 11 protection But Beehive's net loss dropped to $8 million, or $1 18 per share, in 1085 from $14 4 million, or $4 02 per share, The birth of a baby can be a wonderful experience. But not for the employer trapped in the spiral . of rising health benefits costs. If youre one of those employers, you should know about Holy Cross Health Care. As you can see from the actual case history shown, Holy Cross Health Care can make a considerable cost difference. With us, the bill for a two-damaternity stay in the hospital came to $925. That included everything. Under another health benefits program, the costs lor this patients services would have been $1,484.09. Holy Cross Health Care saved the employer over $500. Savings like this are typical with Holy Cross Health Care. For all kinds of medical and surgical self-insure- 1 in 1984 Beehive's operating expenses $9 4 million in 1985 $13.8 million in 1984 dropped to from Beehive's employment declined from more than 450 when its financial problems began to about 250 at the end of 1985. During the year, Beehive made several key additions to its management team. They include Robert E. Sherlin, vice president of operations. Patricia A Palmer, vice president of sales and marketing, and Timothy W May, vice president of product marketing Board members who Beehive has attracted include Chairman Thomas A Howard, who has significant high-ledfinancing experience and previously held financial and operations positions with CXI, Genstar Container Corp and Itel The weighted average number of Beehive common shares outstanding increased from 3 million in 1984 to 6 8 million in 1985. Beehive attributed the increase to the issuance of about 27 million shares in August 1985 coincident with the confirmation of the " bankruptcy! plan f reorganization The U.S. Bankruptcy Court entered an order confirming Beehive's plan of The order reorganization on Aug was effective Aug 13 1 procedures. The reason is simple. Holy Cross Health Care 25 OFF ON GOLD fir SILVER. is a cooperative of hospitals, physicians r 1 preciojc rr.e ; r,ce: areM'Uio.oirdr, m Ul 'JjI! Br,r,J.'r Braid'd, xMl.r, J jit why hoW rr.jy U tin; lime lo Mike JV'Ji,lJueol'fi"'-x.:!;;dpr.n.'- In ' i a At the same time, we do not require that your employees use our physicians only The choice is entirelv theirs. Free booklet details how we cut costs in 10 actual cases. Call or write us at the address below and well send you a free booklet which oilers 10 loly Cross 1 lealth Care case histories covering a wide range of medical problems. Youll see tor yourself how we 1 for companies like yours. What we did for them, we can do for vou. California 1800-423-314- 1 j Health Care Holy Cross Insured the Oulsido California 00-523-79- 66 U For Bannister Brighton, Ltd. 10-114 and employers working together to hold down costs while providing the highest quality care. With this system, were able to offer your employees the freedom to choose from more than 200 physicians throughout the Salt Lake area. Tc J i d y ) t Without us , , ; i, if IMHijl ( A V ftfi M i KiiM Sell First South, Salt Luke City t Lmplover full S IUV vS0P 550-H- t 00 f 4 Hill |
