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The Emporia Gazette from Emporia, Kansas • Page 4

Location:
Emporia, Kansas
Issue Date:
Page:
4
Extracted Article Text (OCR)

THE GAZETTE, EMPORIA, KANSAS Monday, June 24, 1974 Ann Landers and Her Blunder Brings Big Response Dear Readers: Out comes the noodle. This time I deserve 50 lashes because that's the number of states I've heard from as resuit of my most recent gaffe. 'Although I was led down the garden path by a woman who signed her letter, ''La Salle Street Legal Secretary," I am sot blaming her. It was incredibly stupid of me to accept her statement checking. She said, ''The key to 'Broke In Srookline's problem became quite clear when she referred to his insurance policies, his securities, property, etc.

Had this man been smart enough to put all his assets in joint tenancy, the properties, securities, bank accounts, etc. would have passed to the wife without becoming part of his estate and therefore they TOuM not have been taxed." The correct advice is as follows: In modest estates when there are no death tax' considerations, joint tenancy ownership can serve to expedite the transfer of the estate and reduce fees and expenses. In larger estates, however, joint tenancy not only can create unexpected gift taxes, but can in fact increase the death tax burden in both estates. Within 24 hours after that column appeared in print, I received a phone call from the Internal Revenue Service and letters from the following Chicago attorneys: Gerald H. Gal- lex, William P.

Schwartz, Russel J. Turney, Daniel P. Kreer, Newton Minow, James L. Garretson, Harold Katz, Morris I. Leibman, Beaton C.

Strauss, and "Two La Salle Street Legal Secretaries, Patricia Clifford and Susan Maser." Also Reverend Mark Brummel of the Claretian Fathers. Dozens of phone calls came in, follo'wed by another load of letters. The second bag of mail produced blasts from out of town readers: R. G. Laube, V.

P. of the Bishop Trust Honolulu; Sidney P. Lefton, N.Y.; Evans Dunn, Deeatur, Pain B. Cannon and Michael J. Barrett, attorneys from Salt Lake City; George M.

Kriste, Knoxville, Daniel J. Murphy, New York Life Insurance Company, Syracuse, N. RECEIVES MEDAL Naval Lieutenant Commander Michael C. Williams, son of Mrs. Vera M.

Williams of 314 Garfield has been awarded fee Joint Service Commenda- Medal. He was cited for his outstanding performance of duty while attached to the Defense Contract Adminstra- tion Services Office in Grand Rapids, Mich. Mr. Williams is presently serving with the U. S.

Support Activities Group in Nakhon, Thailand as a transportation officer. Summer Hours: 7 PM FAMILY NIGHT SPECIAL "ALL YOU CAN EAT" MONDAY thru SATURDAY COUNTRY FRIED CHICKEN or FISH FRY Served with Potato, Salad, and Home-made Bread with Honey-Butter. SPECIAL SUNDAY DINNER ROAST TURKEY BREAST all the fixins' VISIT THE FRIENDLY FOLKS AT THE FARM 12th Bnrlingame Road Your Host, Pete Peterson Dispensing CSKELLYy skcllv Petroleum Products Ronald M. of New York; Peyton III, New York City; Ronald Glickman, New York; Irving S. Rosenblum and Richard L.

Brinckerhoff of Stamford, J. Kingsley Chadeayne. Tracy. Paul J. Dunn, Tiffin.

Ohio; Herbert W. Osgood of Youngstown, Ohio; Nathan Merenbach, San Francisco. Jamers Y. Bryce, Austin, Texas; Harold J. Leyes, South Bend, Raymond E.

Morris, Rochester, N.Y.; R. David Boyer, Fort Wayne, Catherine L. Roxburgh, cashier of the United National Bank in Warren, N. George M. Krisle, of Knox- ville; Robert L.

Shirley, Florence, Meivin S. Smith of New York: Daniel B. Eitingon, Guardian Insurance from Hicksville, N.Y.; John L. Hawkins of Fort Lauderdale; Robert M. Scoggins.

Texas. Marker Stanton, Washington; R. W. Mitchell from Waukesha, Thelma Schatz, a tax consultant from Fargo, N.D.; Robert T. Kubista, Tucson; R.

F. Goldsmith, San Diego: Edgar R. Duhig, Santa Barbara; Mrs. Dorothy Roeckelein from Syracuse; Allen Gardner, Memphis; R. Magie.

a Ph.D. from Loma Linda, Jack C. Thompson, New York Life In- surance, Salt Lake City; Virginia Mitchell, legal secretary, Philadelphia; Roland C. vice president and treasurer, "Wittenberg University, Springfield, Ohio; Anne L. Tarnay, a lega! from Md.

Kenneth G. Gilkes, Garden City, N.Y.; Edward Newman, Carle Place, N.Y.; John P. McKean, Overland Park, Carole Kobets, Kansas City, John S. Hogg, N.Y.; Jeanne D. Eller, Denver; Robert 0.

Karr, Girard, Edward H. Albere, Fort Lauderdale; Donald V. Balistreri, N. James W. Sander Rochester, N.Y.; John P.

Nash, attorney, Manitowoc, Kenneth L. Arneson, attorney. Grand Forks, N.D.: Nelson V. N. Dungan, attorney, Somerville, N.J.; Craig A.

Gustafson, an estate planner with Aetna Life Insurance Rockford; and I'm out of space and it's a good thing because this has bc-c-a a tough day for Ann Laii- ers. I think I'll write to Dear Abbv. Landers wfll be hapcy aelp you with your problems Send them to her at Box Chicago, HL, 60654. (Copyright 1974. Syndicate) Armed Forces Kenneth Evan Owens, son eft Mr.

and Mrs. William Evan Owens, Rt. 4, recently was promoted io Specialist Five in the Army. He is stationed with the First Infantry Division at Fort Rilev. Traffic Accidents Quf iNeighbors William E.

Garland of Hartford sustained cuts on his left hand, arm and face in a one-car accident .2 miie south of Hart on the Hartford-Olpe road. Lyon County Sheriff's officers said that the Garland car, a 1965 Rambler, was northbound when it ran off the side of the road and overturned in ditch. Damage to the car was estimated at $800. -t -t A street light pole sustained an estimated S75 damage in an accident in the 1100 block of West Sixth Avenue at 11:11 p.m. Friday.

Police officers reported that a car struck the pole, kmcking a light reflector off it, and then left the scene. GRIDLEY Gridley residents attending the State High School Rodeo at Topeka on Sunday were Messrs, and Mesdarces Iva! Trimble, Bruce Trimble, Arnold Kraft, Clarence Hobnquist, Lewis Kraft, John Kraft, Dawn and David, and Randy Trimble. ROY JOHNSON AUTO FIRE UFE 1225 W. 6th 342-0807 THOMAS TRANSFER STORAGE CO. AND EMPORIA WELCOMES OUR NEW NEIGHBORS Family 1720 Trowman Way FROM STONE MOUNTAIN, GEORGIA Simulated Diamonds From Columbia Savings Only an expert can tell these Crown Jewels are not the real thing.

They're so like real gems that each must foe cut, ground, and polished individually. And so fine are.the stones and so secure in their sterling settings that Crown Jewels are guaranteed for life against chipping, scratching or loss of stone. Crown Jewels are yours free or for a fraction of retan value when you save $100 or more at Columbia Savings. The chart below gives full details: HOW YOU QUALIFY Group I Group II Group III Group IV DEPOSIT S100 3.95 5.95 10.95 25.95 S250 FREE 2.95 7.95 22.95 FREE FREE 5.95 20.95 $5,000 FREE FREE FREE 15.95 Limit: One Gift Per Deposit Columbia Savings is a better place for you to save in person or bypostage- free mail. And remember no insured financial institution anywhere can pay you more on your savings: 5.25°.'o Regular Passbook Minimum.

Yields 5.39°,b 5.75? Passbook 90 $1,000 Minimum. Yields 5.92% 6.50°/o 1 or 2-Year Certificate 51,000 Minimum. Yields 6.72% 7.50% 4-Year Certificate $1,000 Minimum. Yields 7.79% 6.75% 30-Monih Certificate Minimum. Yields 6.9S% Accounts FSLIC insured.

Substantial penalty for premature withdrawals ttom certificates Columbia.

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About The Emporia Gazette Archive

Pages Available:
209,387
Years Available:
1890-1977