Word: banke
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Dates: during 1960-1969
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They did not, in fact, when Burnice admitted in 1961 that during the more than 40 years that she had served as the bookkeeper in her father's bank she had embezzled $2,126,859.10 of their funds-more than John Dillinger, Pretty Boy Floyd, and Ma Barker and all her boys together stole at gunpoint from bank coffers in the '30s. Most of the money, it turned out, had gone into Burnice's unsuccessful speculations and investments...
...after serving five years of a 15-year sentence in the Federal Reformatory for Women in Alderson, W. Va. It was not much of a homecoming. Her husband had died shortly after her trial; her father and mother, 89 and 84, were living in retirement-Burnice had broken the bank. As for her capital gains, wherever they were, both federal and state governments were still waiting for Burnice's release to claim at least $900,000 in unpaid taxes...
...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 right of survivorship" such as joint bank accounts, which pass directly to the surviving tenant. Under that method, though, when the survivor dies, the probate process will take over unless something is done to head...
...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 out of the trust income, the mutual fund turns a tidy profit in assorted fees...
...Chemical Bank New York Trust Co., the nation's fifth largest, commercial banks from coast to coast boosted their prime rate-the minimum interest charged for loans to their biggest customers- from 5½% to 5¾% . With unusual speed, major banks in such money centers as New York, Chicago, San Francisco, Boston, Atlanta and Houston fell in line with the increase, which was the third since last December. At that time, banks lifted their prime rate from 4½% to 5% ; in March they upped it again to 5½%. Taken together, the rises amount to the swiftest...