Show Gunnison Valley Seniors Menu hs potato plums r beef mashed buttered bler tossed green salad fruit cup garlic bread brown- com peach cob- ie Thursday- loaf Tuesday-Ha- m baked kie kie Senior citizens will be served lasagne on Wednesday of next week Hie rest of the menu cludes: tapioca coo - Pork chops carrots coo AN AO IN PLACE OUR CLASSIFIEDS! Gunnison Valley Newt applesauce Wliat Affordable Housing fririv Meant BROADMORE Toito 14250°° and Set Delivered Up k Centerfield Second Ward Bishopric Centerfield First Ward Bishopric Centerfield’s Bishopric are Christensen Counselor Standing from left ris Reid Executive Secretary Hal Nielson Ward Clerk and Jay Allred Finance Clerk Centerfield's First Ward Bishopric front row left Kent Jensen First Counselor Eugene Jensen Bishop and Lyman Holyoak Second Mardell Roberts Second Ward front row left First Frank Counselor Jensen Bishop and Reed Second Counselor Stand ing from left Leo Everett Executive Secretary Brent Hansen Ward Clerk and Robert Sorenson Finance Clerk New Estate Tax Laws Should Aid Utah Small Businesses Federal estate tax law changes enacted by the 1981 Congress should aid small businesses and farms according to a study just completed by Utah Foundation the private tax research organization In addition to reducing the federal income tax the 1981 tax cut legislation will phase out the estate tax on federal most small and mediumsized estates Under the new law individuals will be able to make larger gifts while alive and leave larger estates to their heirs upon their death By 1987 when all of the provisions of the new law become fully it is estimated operative that fewer that 1 percent of all estates in the nation will be taxed According to the Foundation inflation report has increased the value of many businesses and farms making them liable for a substantial federal estate tax At the death of the owner or major partner the family often had to dispose of the property at a fraction of its true value to meet the in order federal estate tax obligation Such a forced sale frequently resulted in a breakup of the business causing serious dislocations in the local eco- Everybody talks about saving energy dollars Heat King’s fireplace insert does something about A nomy To correct some of these problems the new tax bill passed by Congress makes basic reforms in the federal estate and gift tax law Included among some of it! The Heat King Fireplace Insert saves conventional fireplace costs U H !r- - the more changes ing: are significant the follow- Over the next six years the credit against the estate and gift tax will be gradually raised This will have the effect of increasing the gift and bequest threshold as follows: 1981 $175 625 1982 225000 275000 1983 1984 325000 400000 1985 500000 1986 1987 600000 2 Beginning with next year a surviving spouse will be able to inherit an estate of any size without paying an estate law At the present time only of an estate or is whichever $250000 larger can be left to a surviving spouse tax free 3 Starting in 1982 the annual gift tax exemption is increased from $3000 to $10000 per year This means that a husband and wife each can give a or a total child $10000 of $20000 per year without having to pay a tax on the gift 4 The top tax on an will be lowered estate to 50 from 70 percent in four steps percent between 1982 and 1985 Rates above 50 percent currently apply to taxable estates of more than $2500000 5 Real property passed on to family members for use in a business or farm can be tax for estate valued purposes according to its present use rather than its highest and best use There has been a $500 on the 000 limitation spread between the two tax for estate values The new law purposes increases this spread to $750000 in two steps by $ 1983 6 Gift transfers to persons for medical exsen and their family Debra Marshall and her penses or school tuition without can be made son Justin stopped in on their way home from incurring a tax under the new law their vacation in Cali- (Griumisoii Putet Xcduf Mr and conventional replace loses more heat than generates That blazing fire may look good but as dies down the chimney SO(?n as m is drawing heat from your home than the fire generated in the first place Wos' replace owners find that their home heatmg bills oil natural gas and electricity are higher when they use their than h'en me don firepiace a cooermonai Let s face fireplace looks great but has little practical value The new Heat King Fireplace Insert saves you money by turning your fireplace into an efficient home heater The insert gives you exact control of air flowing into the firebox manifold where through the for mcst the air is efficient combustion The rear A — - Sales Utah - Corcoran Manti Service & Installation Expert Available the is Give to NM You Best1 1st East 525 So Richfield (On Corner of Truck Route) Now! Charge it on Gambles Family Budget Account with Approved Credit on Purchases over $5000 FALL CLEARANCE SALE Some One Of A Kind But Huge Savings! 1 Only — Panasonic Cassette Tape Player with AMFM 15495 Reg 2 Only — DECORATOR — Only — — n — 14995 — — u Come — In or — Now 5995 — In or MPX Radio Under Dash Sunbeam Floral Reg 3495 1550 1250 1250 1150 1350 1699 Now 2995 Now Model Reg 2495 Now Scenic Wall Clock Reg 2595 Now Octagon Wood Clock Reg 3295 Now Ocean Sunset Reg 3995 Now Black & Gold Modern Wire With Reg 11c Ground Outdoor Cooker Reg Capt Outdoor CookerSmoker wGauge n Cook Cubic Hunters Special Ft 6895 Now Reg 8995 Freezer Reg Now 36900 29995 and See Our Hardware Prices on Wallpaper Power Tools and More! Low Low fornia Bob Breckenridge spent the weekend at the home of Mr and Mrs Bob is Murray Taylor the brother of Colleen and lives in New Hampshire Overnight guest at the home of Mr and Mrs Ken Buckland was their friend from Orem Mrs Pat Walters She came to visit and also to attend the wedding of Lesa Neal Mr and Mrs Doug Bertoch have returned from their tour of the Oregon coast They really had an enjoyable time Larry Elliot was sustained to be ordained a deacon in the Gunnison Per 39 44 WINGATE estate and ft) BROADMORE name-bran- VISIT THE AFFORDABLES TODAY! BROADMORE HOMES FHA - VA Conventional Financing will have some effects on legislation BY Wingate has designed a home to give you maximum efficiency privacy and all around livability The entry has its own guest closet and leads you into a spacious living room — perfect for entertaining or family relaxation The kitchen boasts appliances plenty of counter space and even a built in pantry The master suite features a large wardrobe for pleny of storage and easy access to the beautiful full bath If you're looking for economy (but with a generous touch of class) this is the home for you Foundation analysts conclude that the new scoisKim insurance in the years planning ahead The immediately tax savings to the public from the new federal estate and gift tax will total $56 billion per year by fiscal 1986 mm VISIT OUR SALES LOT ON HIGHWAY 89 -- On the South Edge of Richfield Utah Call or see Chuck Koozer or Karen Anderson (801) Second Ward was Cynthia Stewart presented with a certificate for graduating from Primary David Mathews son of Mr and Mrs Irvin Mathews was confirmed a member of the LDS Church last Sunday in the Gunnison First Ward Kim Mr and Mrs Lund of Murray are parents of a baby girl bom Sept 16 1981 in St Mark’s Hospital She will be named Alcesha Mr are Grandparents and Mrs Deloyd Lund West Jordan and Mr and Mrs Bevan Johnson answer to high finance costs! Here’s your Available now on all Hesston Farm Equipment for hay harvestMake your best deal now on any new Hesston machine ing baling stacking forage harvesting tillage you name it! Hesston will offer you the following financing! 12 mo financing — 10 finance charge 24 mo financing — 12 finance charge 36 mo financing — 125 finance charge Holladay U In Radio MPX Under Dash WALL CLOCKS: Electric Copper — 6995 Player with AMFM Panasonic Reg — — Now last where they Wednesday attended the Mountain conStates Lumberman vention While there they had the opportunity to tour the Saudia Atomic Energy Plant and also the museum where the hydrogen bomb and atoetc are mic submarines on display They also were able to see a film on what is being done irf the field of solar energy Visiting at the home of Mr and Mrs Arlo Kump Al were Arlo’s brother Dorel and his wife Kump from Jerome Ida Also visiting for the weekend were Rusty and his wife Connie Steven- - lfMtlTina season Steve Roberts Betty lbuquerque h i Mrs returned home from their British Columbia Mission last Friday We welcome them home Helo Mr and Mrs to Atraveled Jensen damper controls the air flow from the fire box into the chimney Only tne smoke goes out the chimney not your heat The insert can heat an entire home while burning only a fraction as much fuel as is normally consumed in a conventional and will fireplace continue to heat your home throughout the night without refueling The Heat King fireplace insert can pay for itself in a single and - 2562K (approx 756 sq MODEL are Mr and Mrs Salina Arvin Torgenson and Mrs Amber Lund Gunnison Effective annuai percentage rate CARD OF THANKS e would like to thank all the people who helped food in any way with flowers cards and your W to Dec Choose The Family of Venessa Jensen 1 on 1981 CASH REBATES OR three otters - OH’KIt friendship during the illness and death of our wife mother and grandmother We will always remember the great tribute paid to her by friends and neighbors FINANCE CHARGE WAiVEH OR CHOOSE anre Charges (t Cash Rebate Program Wivpi I:MS Al'ltll 19K2 I - “GUNNISON IIWI’LEMKNT” Gunnison HESSTON ( I tnli — 1 The 1PRIME LINE |