Word: trustfulness
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Dates: during 1990-1999
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Together, the two share an almost palpable trust; the bond between the policemen seems more durable than ties of family. One is strong where the other is weak, and together they make a match for any crime ring in California. The Glover-Gibson partnership is also solid in less serious ways. Glover is a straight man of sorts to a more irrepressible Gibson, but both men have perfect timing when delivering the insulting, constant repartee that masks the deep affection between the two. Gibson and Glover turn the cops' bad habit of saving serious conversations for the middle of serious...
...most likely target is something called a family limited partnership. But also on the hook is what is known as a qualified personal-residence trust. President Clinton has said he wants both curtailed or eliminated, and while he may not get his way, there is no point in betting against him. Kevin Flatley, director of estate planning at BankBoston, advises clients to act by Oct. 1. That's when he expects a tax bill in Congress, and, he notes, "typically, changes like these are effective the date of the proposal." So don't delay on the assumption that you will...
...personal-residence trust allows you to give away your house at less than its market value. It is best suited for a vacation house that you'd like to keep in the family for generations, but can be used with a primary residence as well. Here's how it works: You set up a trust and put the house in it, stipulating how long you will continue to live there. The IRS calculates the value of your remaining years in the house and subtracts it from the market value. Say your house is worth $500,000 and you stipulate...
...careful. If you have rotten kids, they can kick you out after the specified period. Hint: write in an option to rent the house as long as you like. Another catch is that you have to live the full term. Die early, and it's like the trust never existed. It works best for a vacation home because you're not parting with the house you live in and because heirs inherit the house at a low cost. And if they sell, they face a whopping capital-gains tax. Still, without the trust, estate taxes would claim an even bigger...
They make a strange menagerie, the Hal Hartley clan. The people in his odd, alert comedies (Trust, Amateur, Flirt) inhabit some Long Island of the mind, where Amy Fisher-style melodrama rubs up against working-class angst. They are part strong, silent types, part East Coast neurotics. They revel in their own contradictions; one Hartley heroine, a nymphomaniac virgin, explains the anomaly by saying, "I'm choosy." His creatures will sit mute and mopey, then turn endlessly articulate once they get going. Self-conscious but not self-aware, skeptical yet wildly romantic, they have a horror of the personal commitment...