Indiana Gazette from Indiana, Pennsylvania on October 3, 2006 · Page 5
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Indiana Gazette from Indiana, Pennsylvania · Page 5

Indiana, Pennsylvania
Issue Date:
Tuesday, October 3, 2006
Page 5
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Pharos-Tribune, Logansport, Indiana, Wednesday, May 10,1989 Pages Kokomo Man Charged In Cousin's May 3 Shooting Death KOKOMO, Ind. (AP) — A Kokomo man faces charges of reckless homicide and criminal recklessness in connection with the shooting death of his cousin, authorities said Tuesday. Michael Travis Johnson, 24, was charged with the Class C felonies, filed Monday by Howard County Deputy Prosecutor Domenica A. Martino • The charges filed in Howard Superior Court allege Michael Johnson killed his cousin, 24-year- old Keith A. Johnson, with a .38- caliber revolver. Superior Court Judge Dennis H. Parry found probable cause to charge Johnson in the case Tuesday, issued a warrant for his arrest, and set bond at $7,500, Prosecutor James D. Andrews said. Michael Johnson had not been arrested by Tuesday evening, police said. The shooting, which occurred May 3, apparently resulted from a domestic argument, according to police. The residence where the shooting occurred served as a periodic home for Keith Johnson, Michael Johnson and Michael's brother, David Johnson, police said. They said the home is owned by the grandparents of the three Johnsons, and all the young men had access to the property. Andrews said there is a "question of self defense" in the case. Odds & Ends Clean or replace the filter in an air conditioner at the beginning of the cooling season to cut energy costs in your home, recommends The World Almanac, Then check it once a month and clean or change the filter if necessary. A dirty filter blocks the flow of air. First National's s REMIER AVINGS 8.65% on $ 50,000 or more (9.00% effective yield) 8.00% on $ 1 0,000 or more (8.30%effectiveyield) Daily Access - No Penalty . JL »» for the informed investor you'll love it! THE FiRST NATIONAL BANK OF LOGANSPORT DOWNTOWN NORTHSIDE SOUTHSIDE LOGANSPOUT MALL GALVESTON TWELVE MILE ASK M1DDLETON PROS AND CONS OF LIVING TRUST PATRICIAG.MIDDLETON CPA, ChFC Living trusts have become a popular way to reduce the probate and administrative costs in an estate. A living trust is one you create while you are alive as opposed to a testamentary trust created by your will and taking effect upon your death. A living trust can be "revocable," meaning you can change it or revoke it at any time, or "irrevocable," meaning that you give up control of the assets transferred, to the trust and you cannot change the provisions of the trust. The advantages of using a living trust include the elimination of probate on the assets in the trust when you die. You specify in the trust document how your assets are to be managed, and if the trust is to end at your death, how the assets are to be distributed. Terms of the trust are private whereas probate proceedings are a matter of public record. Generally, a living trust is less easily contested than a will. The disadvantages to a living trust include having to actually transfer the titles of your assets to the trust, with whatever resulting complication of your affairs this might entail. A living trust does not eliminate the need for a will because you cannot use the trust to name guardians for minor children, nor will the trust take care of distribution of any property not included in it. Certain property automatically bypasses probate without have to put in a trust, including property held in joint tenancy with right of survivorship, IRA and pension benefits with named beneficiaries, and insurance proceeds payable to specific beneficiaries. Do not attempt to establish a living trust without full consideration of the advantages and disadvantages and without the assistance of your financial and legal advisors. 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