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Most Americans know the folly of dying without a will. Under the widely different state formulas devised for such cases, a widow can lose one-half of her husband's estate to his relatives. Equally alarming to newly affluent Americans is the high cost of dying with a will. For good reasons, a will must be proved valid (probated) in state courts known variously as probate, surrogate, orphans or chancery. Unfortunately, many such courts' archaic methods can tie up an estate for years, devour 20% or more of its value in legal fees-and force the dead...

Author: /time Magazine | Title: Trusts & Estates: The Art of Avoiding Probate | 7/8/1966 | See Source »

Hudgins also talks about the loans which Freedom National makes to businesses to buy stock. Because Negro businesses have not traditionally been able to get loans to buy inventory in large volume at low prices, he says, they have not been able to compete with the more affluent white businessmen in Harlem...

Author: By Suzanne M. Snell, | Title: Harlem's Freedom National Bank--Exploiters or Soul Brothers? | 7/5/1966 | See Source »

...ECONOMY: "Affluent, hell! The average American family just about scrapes by, and every average American here knows it."-Cartoonist Al Capp at Framingham State College...

Author: /time Magazine | Title: Education: Fresh Phrases | 6/17/1966 | See Source »

...country, could hardly speak English, had already spent five years surviving a war, and, above all, after ten years could finally attend a decent school. No, on reading "The President of the U.S. etc. ..." I did not become furious, nor did I rocket my Volkswagen around the block. The affluent society had not yet given me a chance...

Author: /time Magazine | Title: Letters: Jun. 10, 1966 | 6/10/1966 | See Source »

...will be James Francis Redmond, 51, who now heads a peaceful school district of 9,000 students in Syosset on Long Island's North Shore. Syosset's affluent residents have been willing to help pay $1,220 per student in taxes, give Redmond a salary of $32,500, and devote much time to community committees that he has set up to consult on school problems. "I don't believe that school decisions should be left to the professionals," he says...

Author: /time Magazine | Title: Public Schools: New Start in Chicago | 5/20/1966 | See Source »

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