Word: avoiding
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Dates: during 1960-1969
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...Adams campaign can claim one major accomplishment. It has forced Collins and Peabody to accept Vietnam as the most important issue. Probably Collins's attempts to avoid outright support for the Administration line are traceable to the Adams candidacy. Peabody, however, continues to parrot each morning's White House press release...
Invitation to Disaster. Since all will-distributed property is subject to probate, the man who wishes to avoid the process is well advised to reduce the amount of his property that need be willed. One method, which also avoids federal gift taxes, is for a married couple to give away assets of $60,000 in one chunk, plus yearly chunks of $6,000 to each child. Another way is to put assets into life insurance, payable to a named beneficiary other than one's estate; the proceeds escape probate. Other assets can be disposed of by "joint tenancy with...
...measure of national interest in this device is a sleeper bestseller titled How to Avoid Probate (Crown; $4.95). Written by Norman F. Dacey, who calls himself "America's best-known estate planner," the hefty paperback consists of a 50-page blast at lawyers and 300 pages of assorted forms that readers are urged to use in setting up revocable living trusts. In Dacey's version, a man puts most of his estate into life insurance, makes a bank trustee but directs the bank to invest the estate in a mutual fund. While the bank pays his heirs...
...Avoid the endless probate delays that may disrupt his business, derail his investments, and otherwise cut his family's income after his death. With a trust, his affairs flow smoothly...
Died. Giuseppe ("Nino") Farina, 59, Italian auto racer who in 1950 was the first driver to be named World Grand Prix champion, but is almost as well remembered for surviving countless accidents, including one grisly debacle in Argentina in 1953, when he swerved to avoid a wandering child only to cut down five people in the crowd; of injuries following the crash of his Ford-Cortina-Lotus while pleasure-driving in the French Alps near Chamb...