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...most, though, here's how it works: You designate a brokerage account and then stuff it with stocks, bonds and other securities. You are the general partner and sole stockholder; your heirs become limited partners. Each year you can give limited partners family-partnership stock valued at a maximum of $10,000. But remember, the partnership stock represents assets worth more than $10,000. Thus you shield a larger part of your estate. And if you're a control freak, the best part is that only you, the general partner, can liquidate assets. Hint: investment gains are taxable...

Author: /time Magazine | Title: Use It Or Lose It | 7/13/1998 | See Source »

Like Bala, MacDonald stressed the importance ofthe players' development during their collegiatecareers. He suggested that attending Harvard doesnot always facilitate maximum improvement...

Author: By Jennifer M. Siegel, CONTRIBUTING WRITER | Title: NHL Drafts Two Crimson Players | 7/2/1998 | See Source »

...bill as "a charade." The Senators, he said, "voted not to implement a program that can save a million lives a year. It was a vote against our children and for the tobacco lobby. It's as simple at that." The goal for him now is to inflict the maximum political pain on the Republicans without totally killing any prospect of a deal. But a political campaign for a new bill requires focus, which is something this White House has largely lacked during the second term, and particularly since the Lewinsky scandal broke open in January. Between managing an Asian...

Author: /time Magazine | Title: Up In Smoke | 6/29/1998 | See Source »

...found a Pontiac Grand Am that had been totaled in a crash that killed the driver, and then proceeded to dissect out each of its hundreds of distorted parts, make fiberglass copies of them, paint them a uniform light gray and reassemble them as a ghost wreck: maximum violence contradicted by a sort of plodding cool...

Author: /time Magazine | Title: Art: Sculptural One-Liners | 6/29/1998 | See Source »

...those who are not. The second split is a little murkier. It is between those who are below a certain income level and receive loans and a job and have the rest covered by grants, and those who are wealthy enough to be responsible for more than the maximum federal loan amounts but not wealthy enough to pay off the bills as they come...

Author: By Sarah E. Henrickson, | Title: POSTCARD FROM MARYLAND | 6/26/1998 | See Source »

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