Word: trusts
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Dates: during 1960-1969
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...Trust...
Thousands of my readers have put their real estate into an inter vivos trust using one of the forms in my book. Other thousands have exempted their bank accounts from probate through use of other forms in the book. Others have exempted their common stocks, their unincorporated business or their personal effects, all with forms in the book. What has all this to do with mutual funds? Nothing. The majority of trusts set up by my readers cost nothing beyond the $4.95 paid for the book. Butter up the bar if you want to, but before you write about...
Lyndon Johnson, who likes his staffmen to keep their mouths shut and stay out of sight unless he personally deputizes them to speak and be seen in public, has shown his trust by ungagging Rostow and allowing him to surface publicly from his office in the White House basement. He sent Rostow to Los Angeles last week to participate in the supersensitive briefings on Viet Nam before the Governors' Conference, permitted him to appear on CBS's Face the Nation to wrestle with newsmen's questions about the stepped-up bombing. Rostow joined Johnson and others...
...solution may well be a kind of pilot trust-a form of revocable living trust that is funded at his death by his life insurance proceeds and corporate benefits. Many bankers recommend splitting such a trust into two parts-a "marital trust" and a family or "non-marital trust." The surviving spouse gets the income from both trusts, while being allowed to use the principal of the marital trust if necessary. When he or she dies, federal estate taxes apply only to the nonmarital trust and only to the amount that exceeds $60,000. The principal of the nonmarital trust...
...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...