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Show The Garfield Page w The 5th Annual UNEQUAL BUSINESS ASSET DISTRIBUTION AMONG CHILDREN le ar-40-4411110r4D-411 REDROCK MUSIC FESTIVAL -AUGUST 1 2-1 3, 201 1-• is 411.■ ROBBER'S ROOST BOOKSTORE TORREY, UTAH (Rain or Shine) TICKET PRICES: FRIDAY $25 (5-10PM) SATURDAY $35 (NOON-10PM) BOTH DAYS $55 BETTY * Sister Wives Emcee - Sister Dottie S. Dixon Adrianne Gonzalez * Ellis * Garrison Starr Jules Morrow * Julie Wheeler * Liza Garza Vinegar & Pearls * Mia Dyson Natalia Zukerman * Mona Tavakoli Special Appearance by Ms. Nova Starr FOR INFORMATION ON PERFORMERS, HOUSING,TICKETS AND VOLUNTEERING WWW.REDROCKWOMENSFEST.COM SPONSORED BY THE UTAH PRIDE CENTER WWW.CAPITOLREEF. TRAVEL ;41.1 art by brblWbSleybkow Berm, 3 . 11 TALENT FIND Sponsored by Garfield County & County Farm Bureau PLACE: TRIPLE C BUILDING TIME: SATURDAY AUGUST 20TH, 2 P.M. Age divisions: Beginner: up to 6 years Junior 1: 7-9 years Junior 2: 10-12 years Intermediate: 13-17 years Senior: 18 years and up* *This division will be limited to 10 entries Cash prizes in each division will be as follows: $100 First Place, $75 Second Place, $50 Third Place. To enter Contact Rachelle Holbrook 676-8232Panguitch/Hatch, Sami Ott 679-8491—Bryce Valley, Cassie Lyman 826-4088—Escalante, Gladys LeFever 335-7411--Boulder, Bernice Jolley 624-3247—Antimony ***There will be no entries accepted after Thursday August 18th 5 p.m. NEW THIS YEAR: 3 MINUTE TIME LIMIT FOR EACH ENTRY ield Insider What if your business represents the majority of your estate, but you do not wish your business assets to be distributed equally among your children? There is an alternative to accomplish your objective. You can create additional liquid assets in your estate at the time of your death which could be used to equalize the assets of the children who are outside the business, with those assets of a child who will inherit your business. This strategy is accomplished through the use of life insurance held in a trust. The life insurance proceeds are first used to equalize the assets to the three children, and any additional funds can be utilized to pay any death settlement costs, estate taxes, or other expenses. Often the best vehicle to own and distribute the life insurance proceeds is an Irrevocable Life Insurance Trust, which would hold the insurance death benefits outside of the estate (free of estate tax). This strategy avoids potential family conflicts which might occur if business assets must be divided equally among the children or even sold to equalize the inheritance to the children. Either strategy could dilute your chosen child's ownership to the point where he or she could not function adequately as the majority leader of the business. Since most small businesses are not liquid and not easily marketed, a forced sale could be financially disastrous and foil your goal of having one child continue the business. The additional influx of liquidity from your Irrevocable Life Insurance Trust, at the exact time it will be needed, can accomplish your objectives. Jeffery J. McKenna is an attorney licensed in three states and serving clients in Utah, Nevada, and Arizona. He is a partner at the law firm of Barney, McKenna and Olmstead, with offices in St. George and Mesquite. He is a founding member of the Southern Utah Estate Planning Council. If you have questions or topics that you would like addressed in these articles please email him at jmckenna@barney-mckenna. corn or call 435 628-1711 Law Offices of Barney, McKenna & Olmstead, PC Wills, Trusts & Probate - Business Law & Bankruptcy Real Estate - Contracts - Commercial Litigation Family Law & Divorce - Select Personal Injury BARNEY MCKENNA OLMSTEAD FOUNDING PRINCIPLES • ENDURING LEGACY unty AUGUST 17-20, 2011 Wednesday, Auq. 1710:00 AM-6:00 PM — Enter Exhibits (Home, Art, Fine Art, 4-H) @ the Triple C Arena Thursday, Auq. 188:00 AM-9:30 AM - Enter all Fruits, Vegetables and Flowers @ the Triple C Arena Judging — Exhibits closed to the public 5:00 PM-8:00 PM — Livestock Show Weigh-In @ Triple C Arena Starts @ 6:00 PM - Carnival Friday, Auq. 198:00 AM- Rabbit show @ Triple C Arena 9:00 AM- Livestock Show @ Triple C Arena 10:00 AM-6:00 PM — Exhibits, Commercial Vendors open to public *FREE Admission* 11:00 AM-12:00 noon — Premium Bank Open/Prize Money 12:00 AM-Till end of day — Carnival 1:30 PM — Horse Fun Day @ Green outdoor arena (pre-sign ups) 2:00 PM — Bingo @ Triple C Arena *Great PRIZES* 6:00 PM — Ping Pong Ball Drop @ East of Fair Building (6:00 will be ages 12 and up, Directly after that will be ages 11 and under.) 7:00 PM — Dutch Oven Cook-Off @ City Park ($2.00 plate to taste all items) Saturday, AM 208:00 AM — Fun Run (Meet at Fair Building) 8:00 AM-10:00 AM — Small Animal Check-In 9:00 AM — Livestock Show Awards Presentation @ Triple C Arena 9:00 AM — Livestock Show Buyers Breakfast @ Triple C Arena 9:00 AM — Horse Shoe Tournament @ City Park -Sign-ups start @ 9:00 am that morning & ends @ 9:20 sharp. -Tournament will start @ 9:30 am Offices: St. George, Utah (435) 628-1711 Mesquite, Nevada (702) 346-3100 Check Out Time- Premium Bank Open 5:00 PM or after talent show is over — Exhibits Released (Exhibits cannot be picked up until the talent contest is over, Approx. 5 p.m.) 7:00 PM — Demolition Derby @ outdoor arena Fittyt41,1t4,ti fei-trce,f Having the Proper Care of tour Carpet Prolongs the life ):U~u. of Your Caret Carp . Teasdale, Ut 84113 Keelieg n ierroLuornrer(n'ets 14351 340-1536 Brent Hurley Features: llaxim Carpet Protection, Furniture & Fine Fabrics, Orientals, JUT Strip & Wax, Tile & Grout Cleaning PANGUITCH MIDDLE SCHOOL 7TH GRADE ORIENTATION MEETING An orientation meeting for incoming 7th grade Middle School students and their parents will be held on Thursday, August 11, at 6:00 pm in the High School Auditorium. Students will meet teachers and learn class expectations and curriculum. School forms can be filled out, fees paid, immunization records updated, and lockers chosen, which will lessen the confusion on the first day of school. Remember that all incoming 7th grade students need a Tdap booster, and must have had a varicella shot or had the chickenpox (parent must sign the verification statement). Please plan to attend this meeting. It will help calm some of the first-day-of-school butterflies! If you have any questions, or need to enroll a new student, please call the Middle School at 676-8225. School begins on Thursday, August 18, 2011. %IMRE PAINTING Inc 1111.11111011 Randy Jones Free Estimate Licensed S Insured (435)836-3032 Ce11:(801)558-1046 IS YOUR TEEN OR LOVED-ONE ABUSING OR ADDICTED TO ILLICIT DRUGS? YOU CAN KNOW FOR SURE BY PERFORMING A PRIVATE, CONFIDENTIAL DRUG TEST! CALL: SOUTH CENTRAL UTAH DRUG TESTING LLC FOR MORE INFORMATION 435 - 491- 0402 Bryce Canyon National Park to Host a Public/Partner Open House to Kick-off a Multi-Modal Transportation Plan The National Park Service is beginning work on the Bryce Canyon National Park Multimodal Transportation Plan. This plan will help guide park managers on how to: • reduce traffic congestion and parking shortages within Bryce Canyon National Park • increase safety for visitors and staff • mitigate or remove impacts to the park's resources • improve visitor experience and wayfinding • refine transit operations • improve the efficiency of park operations Early in the planning process, the National Park Service would like to hear from members of the public and key stakeholders. Sug- 10:00 AM-11:00 AM - Closed for Judging Small Animals Public viewing 11:00 AM - 5:00 PM 10:00AM-Till end of day — Carnival 10:00 AM — Fish Grab (Split pond AGES: Up to 10, 11 and up) 10:30 AM — Pet Show (Behind Grandstands) 10:30 AM — 4-H Demo's @ Triple C Arena (Fine Arts/4-H Exhibit room) 10:30 AM-11:30 AM — Premium Bank Open/Prize Money 11:00 AM — Bingo @ Triple C Arena 11:00 AM — Livestock Auction @ Triple C Arena 12:00 noon — Pet Look-a-like Contest (Behind Grand Stands) 12:00 noon — Doxie Races (Behind Grand Stands) 12:00 noon — Commissioners BBQ *FREE* @ City Park 2:00 PM — Talent Show Contest @ Triple C Arena Brent cgrpet &Upholstery ei R, ROYAL, "Here to Serve You" Your Vehicles & Toys 389 N. Main Panguitch Utah 435-676-8300 r I I gestions from the public will help the park understand existing problems and will help shape the range of solutions that the plan will explore. The park is hosting a Public/Partner Open House on Thursday, August 18th from 6:00-7:00 pm inside the park in Conference Room D on the 4th floor of the Bryce Canyon Visitor Center, located across from the park's entrance station. Please inform the ranger at the entrance station and the visitor center you are here to attend the open house. In 2000, Bryce Canyon National Park launched an alternative transportation system to address congestion within the park and the adjacent community of Bryce Canyon City, to improve visitor experience, and to minimize impacts to park resources from transportation infrastructure. With increasing visitation over the past decade, the transit system is now at or near full capacity during peak visitation periods. An updated and integrated transportation plan will help the park manage this congestion, reduce the need for additional parking, and guide park operations for the next 20 years. MAUR 2 OE WZ:ZM Don't Get Caught with your A/C Not Working Extended Hours: M-F: 8-6 & Sat 9-1 $20 OFF FRONT OR REAR BRAKE SERVICE r AUTOCARE CORER I I FRONT END ALIGN $49.99 II Normally $59.99 I a I. |