Phis IS
the Law
IBQI
v
By ROBERT E. LEE
(Fm th* IL C. Bm AmcktiN)
Estate It BtawiajM
Lwd is conveyed to Mary j
Homv for lift? and upon her;
drMh ',« Thomas Taylor. May<
TOtonvas TayW sell the land
- poor to the death of Mary
Moore?
, Yes. Thomas TayW is called:
a ’hnoMcnim? He h» an
estate in remainder.
Taykv has a vested future in
terest «nj the land which he may
transfer to another prior to the
death of Mary Moore. The
transferee cannot, of course, takej
possession of the property and 1
enjoy its complete ownership un
til alter the death of Mary,
Moore.
May the creditor? of Thomas!
Taylor reach his future interest j 1
iu the property prior to the
death of Mary Moore?
Yes. Since Thomas Thy tor
may voluntarily transfer his es
tate in remainder to another;
prior to the death off Mary Moore!
the ssiw may be subjeeted to
the claims of his eneditors prior,
to her death.
The life estate of Mary Moore,
wilt not, however, in any way
Jje interfered with by such ac
tion
laird is conveyed io Sttste
Smith for life and upon her
death to her ehildren. Susie!
Smith has at the present time
two ehildren. There is a possi
bility of other chaldron of hers
being bom. The particular prop
erty isn't producing much in
come. but if a r««l estate de
veloper can get a clear title with
absolute ownership he is willing
to pay a fabulous price. Is it
possible fee him to aetjuare ab
solute ownership at the present ;
time?
Yes. Lawyers may accomplish,
this under a statute that safe-,
guards the rights of all parties
concerned. The statute protects!
even the interest of ehildren v 4
Susie Smith that may later be
born
Those presently having a vest-i
,ed interest in the property must!
,'pcfitron the court for authority |
to sell. Guardians are appoint-f
cd to represent any manors. bom|
or unborn, in the legal proceed
mg
If the court finds that the in-|
terest of all parties require or !
will be materially enhanced hy|!
it, the land will be ordered, said j
and the proceeds reinvested.
Who pax's the real estate tax-!
cs on land during the time that!
an estate in remainder is held!
by a life tenant?
The life tenant. He is eon-j.
skkred the owner of the land,
fee purpose of tax listing. If he
doesn’t pay the tax. the tax be-'
comes, however, a lien on the'
land itself.
If the life tenant fails to pay
the taxes on the land, he there-;
by forfeits his life estate t© the
remainderman. Moreover, the!
lemtainderman may recover ffiroraj;
the life tenant damages sustain-[j
: I
I 111
ed by reason of his neglect or.
refusal to pay the taxes. .
i
Who pays the inheritance tax!
on land that one acquires as a{
remainderman under the provis- ‘
ions of a will?
The land is Valued at the ’
time of the testator’s death and]
the whole amount then due is I
opportkuned between the life ten-j
ant and the remainderman. Hie l
life expectancy of the life ten
ant is one of ,lhe factors con
sidered in the computation.
The inheritance taxes on es
tates of ordinary size are, how
ever. usually not large. Hi is is!
especially true if the person re-'
oeiving the property is a close’
i relative to the decedent. There
are also exemptions below a
given amount granted to close
[relatives of the decedent
1 448 Chowan Farmers
Help Solve Problems
Under ACP Program
Farmers have solved many of j
j Chowan County’s conservation
[problems through work they
performed under the Agricul
tural Conservation Program on
their individual farms, says A.
:C. Griffin, chairman of the Cho
wan County Agricultural Stab
ilization and Conservation Com
mittee.
Under the 1959 ACP, 448 1
farmers in the county carried 1
out one or more conservation 1
practices. About 55% of the 1
farmers participating in'the ACP !
were following a farm conserva- j
tion plan.
These conservation practices \
protect the soil water and wood
land resources. In the county,
the conservation practices car
ried out under the 1959 ACP in
cluded: Permanent cover, rota
tion pastures, tree planting-for
est. livestock dams, timber stand
improvement, open drainage, en
closed drains-tile, irrigation
dams, winter cover and summer
cxwer.
Through the ACP nationally,
the government pays about half
the cost of approved conserva
tion practices. The farmer pays
his half in cash, labor, ma
terials or use of equipment.
Farmers who want to carry
out one or more of these prac- •
tices under the 1960 ACP may
request cost-sharing at the ASC
county office in Edenton.
There is a time in every man’s
education when he arrives at the
conviction that envy is ignor
ance..
—Ralph Waldo Emerson.
Notice To Voters
The Chowan County Board of Elections has appointed the
I following as Registrars and Judges of Election for the Pri-
I mary and General Elections of I 960:
EAST EDENTON PRECINCT—(Court House)
I Mrs. William Stokely Registrar
I Mrs. Emma Bunch Judge
I Ali*s. J. M. Thorud Judge
I Mr. John M. Elliott Judge
WEST EDENTON PREClNCT—(Municipal Bldg.)
Mrs. George C. Hoskins Registrar
I Mrs. J. A. Curran Judge
I Air. Gus Hughes Judge
I Mrs, S. Francis Hicks Judge
ROCKY HOCK PRECINCT—(Henry Bunch’s Store)
Mr. Alphonso Spivey Registrar
I Air. Henry Bunch Judge
I Mr. W. H. Saunders Judge
CENTER HILL PRECINCT—(Ross Bunch’s Store)
I Mr. Ralph Goodwin Registrar
I Mr. Norman C. Hollowed Judge
I Mr. Louis Alonds . Judge
WARDVILLE PRECINCT—(Herbert Peele’s Store)
I Air. T. A. Berryman Registrar
Mr. H. R. Peele Judge
I Mr. Jennings Bunch . Judge
YEOPIM PRECINCT—(Hairy Perry’s Store)
I Mr. T. J. Hoskins, Sr Registrar
I Mr. J. A. Webb, Jr.._____ Judge
[ Mr Harry Perry. Judge
PRIMARY DAY... MAY 28, 1960
Polls Open at 6:30 A. M., and Close at 6:30 P. M. \
I Chowan County Board of Elections
L. S. BYRUM, Chairman
THE CHOWAN HERALD, EDENTON, NORTH CAROLINA. TTUfStSDAY, MAY », ISM.
He that -plmucih slum l A plain in ho nr
HIGH WHEAT PRODUCTION
Wheat production for North
Carolina is estimated at 7,682.000
bushels —up 139,000 bushels from
the April 1 forecast, according
to the N/ C. Crop Reporting
Service. The current estimated
production is down 18 percent
from the neai record crop of
9,353,000 bushels produced in
1959. This year’s acreage for
G&W
SEVEN fim
STAR/liy
i grain harvest has been estimat
!ed at 334.000 compared with
398,000 in 1959. Yield oer har
| vested acre ig indicated at 23.0
bushels compared with 23.5 last
year and 20.4 for the 10-year
! 1949-58 average.
Envy is a passion so full of
cowardice and shame, that no
body ever had the confidence to
! own it. —Rochester.
BE FOR BONNER
FOR CONORS
A PROVEN LEADER
VOTE FOR AN OUTSTANDING RECORD . . .
NOT RASH PROMISES!
HERE IS THE RECORD
CONGRESSMAN liONNKR has supported programs to improve conditions for
tobacco, peanut, corn, cotton, and all other farmers.
CONGRESSMAN BONNER has assisted thousands of veterans, their widows and
orphans with Veterans Administration claims.
CONGRESSMAN BONNER has introduced legislation for flood indemnity plan
that was endorsed by practically all insurance comiianics in America.
CONGRESSMAN BONNER has secured $0,000,000 for hurricane damage.
CONGRESSMAN BONNER has supported and kept ali\e legislation creating the
National Seashore Park.
CONGRESSMAN BONNER has assisted hundreds of deserving people to obtain
social security benefits for "hich they were qualified.
CONGRESSMAN BONNER has introduced approximately 100 resolutions regard
ing navigation and flood control projects in the First Congressional District.
Many of them have been completed, and several are now pending.
CONGRESSMAN BONNER has interceded with the Post Office Department in
securing better mail service for you and your district. Included in this is se
curing better post office buildings and the extension of rural route to patrons
who were heretofore without adequate mail service.
CONGRESSMAN BONNER has saved millions of dollars of your tax money by
exposing waste of Government funds.
CONGRESSMAN BONNER is present Chairman of the Mouse Merchant Marine
and Fisheries Committee which handles legislation affecting the Panama Ca
nal, Coast Guard, Coast and Geodetic Survey and Navigation, Fisheries and
Wildlife Conservation. Oceanography, and the American Merchant Marine.
CONGRESSMAN BONNER has stimulated a program to rejuvenate the F'cderal
Depository in East Carolina C ollege.
CONGRESSMAN BONNER has aided countless small businessmen.
CONGRESSMAN BONNER has seen to the needs of our young people by advo
cating and supporting sound Educational programs.
CONGRESSMAN BONNER has secured appropriations of 51,700,000 for dredg
ing of Oregon Inlet.
CONGRESSMAN BONN Fit has opposed and voted against a onc-cent per gallon
tax increase on gasoline.
CONGRESSMAN BONNER has protected our National prestige by introducing
and securing the passage of a bill authorizing the construction of the world’s
first nuclear-powered merchant ship.
CONGRESSMAN BONNER has diligently supported and voted for the Landrum-
Griffin Bill to protect the rights of organized labor.
CONGRESSMAN BONNER has personally made it possible for young people to
attend college on scholarships.
CONGRESSMAN BONNER has earned the respect, admiration, and cooperation
of the leaders of the Congress of the United States.
VOTE TO RE-ELECT
HERBERT C. BONNER
AS YOUR CONGRESSMAN
(MUD POLITICAL ADVERTISING)
t-SSCTIOIt TWB
PAGE THREE