Newspapers / The Carolina Times (Durham, … / April 4, 1981, edition 1 / Page 12
Part of The Carolina Times (Durham, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
t'. 7 . .12-THE CAROLINA TIMES i . Your Will . JlVntnnuoil fim jviuo II) tioa may also lutvt pamphlets ei plainiitf the legal requirement " fof wilh which will be tent to yog upon request. Lawyers' fee . usually average between 125 and $100 for a simple will and in craast according to the sice and value of the estate. This could prove to one of the wise invest ments you make for you and your family. A homemade will, although dear to you, may later appear vague to a court during probate proceedings and may eventually be judged invalid. But if a person is faced with imminent death, a homemade will could prove to be better than none at all; many of them have indeed held up in court. Planning Ahead 'Jkfore you hire a lawyer, one of the most important decisions' you will need to make is choosing a ppraon to carry out the terms of your will. The law calls this per son an "executor" if a man, and an "executrix" if a woman, denerslly, the person selected s Would be younger than the creator of the will and should live in the same state. Many in dividuals select a close friend or relative, but such a choice can prove disastrous if the person tacks essential knowledge or property management ex perience. If, however, such a per son is selected, heshe can get the help of a' lawyer or other pro fessional in the administration of your estate. There are decided advantages to bring a professional, usually a lawyer or a bank trust officer, to carry out the terms of the will. A professional hot only has the ex pertise of will execution, but if heshe dies or moves away, hisher company or firm can capably continue the duties of ex ecutorship. Whomever you choose as an executor, it is man datory that you first obtain tha person's consent. A person or in stitution is not legally bound to serve as executor of a will simply' because of your selection. ..' The next important decision is whom to name as beneficiaries, or receivers of property under the Will. While your "bequests," or gifts, under the will are solely your decision, a serious common error is turning a will into a ven detta of -one's life. Trying to in fluence others' lives from your grave by means of property distri bution can cause bitterness or may ultimately lead a court to set aside the will. $Whfl thposing you ben ffciariss, remember that you may well outlive your heirs, regard less of age. Thus, your will should provide for some kind of succes sion of receivership if that hap pens. For example, if your children unexpectedly die before ycfu, property intended for them Way instead be passed on to dif ferent relatives or friends de . pending on the terms of your will. In addition, be sure to provide for the distribution of property you ttay forget or not desire to specifically bequeath. This is done by designating who should receive the unspecified portion of your estate. Be sure to include all of the bequests you wish to be Honored regardless of their finan cial value. For example, if you want your nephew to have the watch your father gave you, in clude that direction in your will. We have heard too many tales of families being torn apart by a. "Mother wanted me to have that sofa (or portrait or gravy bowl)" claim. - : 'Another thing to consider before seeing a lawyer about drafting your will is whether you actually own all that you nor mally consider yours. If you own real property with another per son, find out if you can transfer your interest. If you own property with others as "joint: tenants," , your interest is automatically transferred to the co-owners at the time of your death. If you own property as "tenantsrin- common," you may transfer your , Interest in the property without Affecting the interests of the co owners and without their permis sion. Married couples frequently own their homes as "tenants by the entirety." In that, ease, the surviving spouse automatically receives the full title to the property at the time of death of , the other spouse, you should also consider whether there are any existing claims against property you intend to leave to someone. Ear example, if you borrowed money to buy your car; the finan cing company has a continuing interest in the vehicle which will have to be satisfied before the ti tle to the property cart be trans ferred to a designated beneficiary. T?Your can tell you bow to deal with these problems. But .first, your lawyer must know about them. - Subscribe To The Carolina Times SAT.. APRIL 4. 1381 Call Today 682-29 n ' .JL- SAVE 30c THRIFTY MAID yM: 5-LB. DAG WITH $7.50 OR MORE ORDER (LIMIT ONE) ;V-,V:-fiWXv- SAVE 41c PER LP. TALMADGE FARMS OLD FASHIONED COUNTRY mm VVHOlf 14-17 IBS. AVG. SUCED FREE! LB. A Wj 100 PURE - I w I FROM CONCENTRATE N Vj-GAL'S-, J J j v size s y i y s fM9Jlmy! IMPORTANT NOTICE TO OUR CUSTOMERS We Will Be Ending Our Cash Dividend Program Soon. Saturday, April 4, 1981 Will Be The Last Day We Will Issue Cash Dividend Coupons (Stamps). However, We Will Continue To Redeem Filled Cash Dividend Certificates And Advertise Cash Dividend Specials Thru Wednesday, May 6, 1981. Thank You For Your Co-operation. PRICES GOOD THRU SAT., APRIL 4TH NONE TO DEALERS WE RESERVE THE RIGHT TO LIMIT QUANTITIES COPYRIGHT 1981 WINN-DIXIE RALEIGH, INC. CASH DIVIDEND SPECIAL UPTON 5 i i tmm TEA BAGS V .- box y 0 WITH ONI RUID CASH DIVIDEND CERTIFICATE ALL FLAVORS fa CHEK DRINKS 1 LITER SHI WITH ONI nUJED CASH DIVIDEND CERTIFICATE (cash dividend special) vSrr - i crackin good GEORGIA CRACKERS 12-OZ BOX lwiioiufil .D WITH ONE RUED CASH DIVIDEND CERTIFICATE HEINZ KETCHUP WITH ONE FILLED CASH DIVIDEND CERTIFICATE CASH DIVIDEND SPECIAL n ROSE MILK 15 SKIN CREME 8-02. fSi SIZE ci WITH ONE FILLED CASH DIVIDEND CERTIFICATE THRIFTY MAID Q Ml PEACHES 29-OZ SIZE WITH ONE FILLED CASH DIVIDEND CERTIFICATE CASH pIVlDEND SPECIAL FRISKIES DOG FOOD pasaa. eft . MSr JJ CANS WITH ONE FILLED CASH DIVIDEND CERTIFICATE W-DKAND REG. FRANKS 12-OZ. PKflU WITH ONE FILLED CASH DIVIDEND CERTIHCATE t : mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm mmmmmmmmmmmmmmmmmmmimmmmr mmmmmmmmmmtmmmmtmmmmmmmmmmmmm ' i THglFTY MAID f- jLm SAVE40c fJ?mmV? TO Q0g3 t pampers extra absorbent Y? ' :VV fir wia5 m d,sposable d,apers (f II iWBMIj!KJr OTMi, 1002. NOODLES k BEEF BROTH MV' vCfsI i" ASTOR fK DEEP SOUTH THRIFTY MAID S eAW 4 SAVE 1 6c " . 9 ?Ti 1 l I I CUT n fV 1? "fl AUFUVORS REO. OR QUICK 1SOZ. I I i'l O 4 in . fTtl a7vJ SWEET POTATOES SZMJ S CHEK QUAKER OATS ?Qf fJgfl O SIZE (J ZJ DIXIE DARUNO ' !Sifc KJ Da,NKS SAVEIOc -"lA ' 'SsS LJ SAVE 61c Pta LB. , SAVloOcPERlB.fTlf uhoSeef eOS lisss&i,. SEMI-BONELESS WSJi w rx rnsim ' 3 U rtAHICKODY SV'TEFTH I Kor WNEIESSTOP :: caukS MMSK 3 CHUCK ROAST Pri BACON GROwIIdbEEF i i(M ssssr ImA PJP W TiJrY JS-O ) f&A CHUCK STEAK is. U Mf$ti& JC3 F0R U X fn " v - :y I u.U J ..mmiJ W4JIRANDU J. CHOICE BEEF ' G f' ' "" """"""L Ny :' fZ Jg2i2awKp BOAST cmSPCARBOTS eU. O fo. U smsS: v "ry cSHisffliT C3 yogurt rjaasss1 -$L,j Wza -G) fl iroL fis o so ? rz"'"- u 1 II I : - ILlZ S rtri " nS FW . 2222 . SAVE40C TU I. W 8f 7 I II BS-'Si rTSS IT LJ fS I III! I II 1 VWH lit II", 1 R. k.II I c c-jaj. SANDWICH 12AK I Muoowawt $(159 XS. V " TITCZs IdCKAMBARwAic HAWAIIAN K2AD LB. U FRESH FLORIDA TDAllRClalf)IEI
The Carolina Times (Durham, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
April 4, 1981, edition 1
12
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75