Newspapers / The Kings Mountain Herald … / Jan. 21, 1971, edition 1 / Page 11
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, 1971 ?nt intor- igs /TJontJ li* fiond.J ?ars, 10 E aiid ! tho inv • t tvery in you •ts for e drug ik hint >rming 9u will »rs or g Co. trying min 3US t!iis & *9- Thursdayi January 21, 1971 THE KINGS MOUNTAIN HERALD. KfNSS MOUNTAIN. N. C. Page 3 Estate Planning Farm Problem Not all of North Carolina’s i farm protoloms are related to weather, weeds, insects and mar kets. Poor estate planning is an entirely diiffercnt proil>lem area which directly effects Tar Heel farms. E^'onomisU at North Carolina State University cite the follow ing example of how a good, pro ductive Tarm can become a non productive farm through pooi es tate planning: A farmer in a Pierlmont county died in 1927 without leaving a will. He had one minor child, five grown children and a widow. The widow received a dowry of 2.') acres of land. The remaining land was sold and the procee:te distributed among the children. The widow never rc’jei'vea an ad(K|uate income from the time of her husband's death until her own death years later. At her death, friction developed ^mong the heirs over estate settlement. Consequently, her estate has net yet been settled. The land has grow'n uip in scrub timber an'd the buildings have fallen down. Property taxes owed on the 25 cres amount to over $800. ^This, and many similar ex- nples of poor estate planning by farm families, illustrates tl.e need for increased awareness o7 the prcib\?ms associated with transferring property between generations,” points out the NCSU economists. The first step in estate plan ning, they su|^jpst, is to consult a competent attorney. The basic idea of a will is to see that a person’s property is distributed acconiing to his wish es. Without a will, the property will bo distributed according to state law. There are two general ways of transferring property — wills and lifetime pu*operty transfers. A will ^lows a person to use the property while alive and specified how it will be distribut ed after the owner’s death. One important aspect of a will is, it can be changed by the property owner as he desires. A person may be able to trans fer property while still alive. There are a number of lifetime property transfer methods and | they can be incorporated into the I will. Among these an\ 1. Sales, in volving the transfer of title; 2. I Gifts; 3. Life estate, in which the 1 recipient has lifelime use of the property but the ownership passes to someone else upon the death K f the recipient; 4. Trust, under /'hich a trustee receives control and manages property for the benefit of the owner; 5. Partner ship, in which two or more peo ple share ownership, manage ment and profits — possibly ter minating upon the death of one of the partnerST*^nd 6. Corpora tion, which is a legal entity that holds and transfers property and carries on business in its own name. The stockholders (farmer and his family) own the corpora tion which will continue to op erate even if a sto^holder dies. Another method of lifetime property transfer is co-ownership. ‘‘Tenancy by the entirety” pro vides co-ownership of real prop erty between a husband and wife. The siimVor acquires title to the property upon death of the spouse. “Tenancy in common” is not restricted to related individ uals and provides no sur\"ivor- ship rights. Upon the deaTFi of one of the tenants, his interesi goes to his heirs. And “tenancy with the right of survivorship" allows co-ownership of property with the survivor taking aid. Legal assistance Is virtually re quired in the proper preparation of any type of estate plan. January is usually a slow month in the home gardens due to adverse weather. However there are some jobs that can and should be accomiplishod. Get your seed orders in. You have in mind many flowers and vegetable's that have done w<*ll for you or that you might ha/e obsorvwl in the gardens of friends. Stii:Jc pretty elosc'ly to those varieties which have prov en themselves but do not hesi tate to try a few new ones, es pecially the hybrids. | If you are landscaping a new home, or “sprucing-up” a bit a- round 'the establu^hed home, check with your nurseryman. He will have suggestions about plant materials suitable for all loca tions in your landscape plan. ! Im you have a small green- ; hoase, you can expect improve- : ment in growth from now on as. the days are getting longer. Over-, watering is a common error. There is no rule-of-thumb. One 'mu.st use grx)d judgement. Plants no(?d more water on a bright day than on a cloudy one. Reg- ; ulution of the night temiperature Is important during cold nights. This is especially true if you have tomato plants. Now is a good time to plant apples, peaohes, plums, cherries, pears and grapes in the Pied mont and (Doastal Plain. When planting, dig a hole large enough to accommodate the root system without crowding. Separate top and subsoil and place the topsoil aroujKi the roots. After the roots are well covered, pack with your h'ct to within about 4 inches of the top of the hole. Finish fill ing with loose soil. Set plants as deep as they stood in the nurs ery row. You can easily identify ; this soil line at the base of the I plant. Mulch. ' Don’t overlook the dw'arf type fruit plants. They are well suit ed for areas where spacce is a I problem and tliore are many fine, j varieties for selection. ! I If you have apple and peach ; [ trees, prune them and spray wdth j winter (dormant) .strengtli lime ' sulphur. Tlu* same treatment will also be fine for your bun. h grape vines. Clean and oil all working parts of your lawn mower. U you have •a power mower, that hay b(‘en operated for 20 hours thango oil. Rei)air and paint lawn and pic- F.W.Lutz Rites Conducted Funeral serviee.s for Furman William Lutz Si., ()9, of Itt. 1, who di(xi Saturday in Kings .Mountain Haspltal. w(*re held Monday at 3:30 p.m. from Cherokt't* Street Baptist (’lumdi by the Rev. Kelly Dixon, the K<‘v. Oorge Leigh, the Rev. F. L. Jonc'.s and tlie Rev. Gene Leigh. Hurial was in 'Bes semer City Memorial (’eineU'iy. nic furniture. Clean and '^haipc'n garden tools. illo is survived by his widow, Carrie Lutz; two sons, Furman W. Lutz, Jr., of Gastonia and Gor don Lutz of Kings Mountain; three daughters, Mrs. Earl Welch of Greenville, S. C., 'Mrs. Adrian Blair of Sanford and Mrs. James Jackson of Gastonia; and two brothers, Francis B. and Archie O. Lutz of Bessemer City. The North Carolina Heart As- .sociation predicts that more than 12 times as many Tarheels will die from heart and blood vessel disease as will die from motor vehicle accidents. Getting Married? Hove Your Weddings and Reception Catered By JOANCARROLL • Homemade Birthday and All Occasion Cakes Rt. 3 Box 5 On the Cherryville Road Ph. 739-5796 Watch Your FAT-GO Loss ugly excess weight with the sensible NEW FAT-60 diet plan. Nothing sensational Just steady weight loss for those that really want to lose. A full 12 day supply only $2.50. The price of two cups of coffee. Ask drug store about the FAT-GO reducing plan and start losing weight this week. Money back In full if not complete ly satisfied with weight loss from the very first package. DON^T OELAY I FAT-aO today. Only $2.50 at Kings Min. Drug Co.i “SUPER-RIGHT” QUALITY CORN FED BEEF STEAK er ROAST BONELESS ROUND U Thrifty "'Sufier^fght.’' Ouqlity Meats!-/' PRICES IN THIS AD EFFECTIVE THROUGH SAT., JAN. 23, 1971 "SUPER-RIGHT" QUALITY CORN-FED BEEF "SUPER-RIGHT" QUALITY FRESHLY Ground Chuck'ifi® Beef *1.08 "SUPER-RIGHT" HEAVY CORN-FED BEEF GROUND ROUND or CHOPPED SIRLOIN lb. 98c "SUPER-RIGHT" QUALITY BEEF SIRLOIN TIP ROAST or BONELESS RUMP ROAST BEEF "SUPER RIGHT" QUALITY CORN-FED BEEF CUBED STEAK, ROUND or SIRLOIN TIP lb. ‘1.18 LI UTTIE OSCAR SAYS; \\H EACH PACKAGE OF... J ^ eg. WIENERS LITTLE qSCAR SAYS; PACKAGE OF... Uou^ ■ It ^ ^ 0.e-Ay/ , 69c FRANKS ™ "SUPER-RIGHT" QUALITY 16 & 19-LB. AVG. "Super-rig:ht'' quality SLICED INTO CHOPS -WHOLE-SHANK HALF •BUTT PORTION lb. • HAM BUn HALF lb. SSs • SHANK PORTION lb. 4S3 • CENTER PORTION lb. 80s e CENTER SLICES lb. 90e QUARTER PORK LOIN 59c SHOP A&P FOR SEASOKKG BACON 25c - 69c OSCAR WAYER SMOKIE LIfiK SAU3ASE '’- 69c N • TURKEY ♦ MEAT LOAF 79c .MORTON'S • BEEF • CHICKEN • TURKEY ♦ MEAT LOAF FROZEN DINNERS 2 CAP'N JOHN'S BREADED FROZEN SliRIEilP89c“ ELDORADO COOKED AMD PEELED SHRIMP 79c Depen CAMPBELL’S HOUSE SOUP SPECIALS NABISCO PREMIUM CRACKERS Ki: c rld McIntosh CAMPBELL'S SOUP VEGETABLE • VEGETARIAN VEGETABLE 1 U / 2 Cons 1-LB. PKG. Lb. Bo 3 :RISP GREEN NABISCO SANDWICH COOKIES 45c CAMPBELL'S SOUP CHICKEN NOODLE 00 lOH-Oz Cons Bakery Buys! JANE PARKER BAKE 'N SERVE FLAKY ROLLS OREO CREMES NABISCO CHOCOLATE CHIP COOKIES CHIPS AHOY 65c 45s TOASTER PASTRIES NABISCOTOASTEHES300 FRESH TASTY MARVEL FIG BARS 2 45c SABBAGE FOR PARTIES SERVE FRESH SALAD IVilX Lb. R Oz. Pkg. CRISP SPANISH mmm z JUICY FLORIDA GB.4FEFRUiT Lbs. JUICY PLUMP ST^AWEE^iiiES Pint Boskets MAINE RUSSET POTATOES A GREAT SNACK TREAT. ANN PAGE PEANUT BUTTER lO-LB. 59j BAG 28 0x Jar GREAT ON ANY SALAD. ANN PAGE 55c ® SALAD DRESSING Z 55c JANE PARKER FRESHLY BAKED CAKE JANE PARKER GLAZE DONUTS ORANGE CHIFFON 17-02 PUq S 1/-0/, Pkg lu ■
The Kings Mountain Herald (Kings Mountain, N.C.)
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Jan. 21, 1971, edition 1
11
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