r
RECORD & TAPE SALE FRI. FEB. 14t — SAT. 15t — SUN. 16th ONLY
71:3
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Taxes and Your Future
the manners in which commu-
nity members can provide for
the future through legacies,
bequests and insurance policies.
Q. If I leave a bequest di-
rectly to Federation, can I also
leave bequests to one or more
agencies?
A. Yes, since the Endow-
ment Fund Program is for the
benefit of Federation and its
constituent agencies, you will
be fulfilling your Declaration of
Intent if you decide to make be-
quests to Federation for one or
_aitor's Note: Guidance on
Important Problems Provided more agencies or directly to one
by Jewish Welfare Federa :___ or more of these agencies._
Q. Why should I" leave an
tion-United Jewish Charities
Endowment _Fund Tax Advi- unrestricted bequest to Federa-
tion or to an area of service?
sory Committee. Professional
A. Over the years, programs
advice about issues discussed
take on different priorities in
in these columns should be
the range of services desired be-
secured from your attorney or
cause of changing times and
an estate planning advisor.
changing needs. Money left to
Questions of general interest
in these matters should be Federation, unrestricted, or for
an area of service, allows more
addressed to "Taxes and Your
flexibility in its use. This does
Future", care of The Jewish
not preclude the opportunity to
News, 17515 W. Nine Mile
leave money to a specific agency
Road, SMithfield, Michigan
if the donor so desires.
48075.
Q. Do I have to specify now
Last month we talked of the
in dollars and cents how much I
purposes of the Jewish Welfare
Federation-United Jewish —intend to leave?
A. There are no provisions
Charities Endowment Fund
for an amount to be designated
and its Declaration of Intent
on the Declaration of Intent,
column. This column concerns
nor is there a place to list Fed-
eration and/or one or more
INVITATIONS agencies as beneficiaries. How
much the signer will eventually
by HATTIE
provide to Federation is a per-
SCHWARTZ
sonal matter left entirely to the
356-8563
STATIONERY signer of the Declaration of In-
tent.
PARTY FAVORS •* * * *
Q. What did you mean in last
* * * * ENTERTAINMENT
• ASTROLOGER
month's column when you said
SEYMOUR
• CARICATURES
• COMEDIANS
SCHWARTZ that "This Declaration of Intent
• FOUR LADS
is without legal obligation?"
AGENCY
• ARTIE NELSON
356-8525
A. By signing a Declaration
• AL SIMMS BAND
• BELLY DANCERS —. * * * *
of Intent, you assume a moral
obligation only to implement
your intent. But the Declara-
tion of Intent can never be con-
strued in any way as a legal ob-
ligation or a debt of one's
estate.
Q. Since I have no defined
for your party
legal obligation with a Declara-
tion of Intent, then I presume I
am free to change my mind
By
about a legacy, or to change the
amount and kind of a legacy.
Am I right?
A. You're right. You can
change your mind and your
Call
provisions for the future. We
suggest that it's a wise thing for
everyone to periodically review
his will and the plans for the
disposition of his estate. De-
pending upon your financial
position at the time of review,
you- may see fit to increase the
amounts of your charitable be-
quests or, if necessary, make
Leave Everythin to Us
downward revisions.
Q. Does life insurance lend
itself to this "Intent" program?
A. Many signers have named
Federation as a beneficiary of
either a new or existing policy.
If the policy is irrevocably as-
signed to Federation. the an-
but Aunivetocag
ca
nual premiums may be de-
ducted as charitable
contributions for federal in-
come tax purposes. Addition-
ally, if you assign an existing
policy to Federation, the cash
surrender value is tax deducti-
ble as a charitable contribution.
Q. Are there any tax advan-
tages in making a bequest in fa-
vor of Federation?
A. Yes, there are. It is rec-
ommended that the signer con-
sult his own attorney to deter-
mine how these advantages
may apply to his personal re-
quirements and benevolent in-
terests. Samples of the Declara-
tion -of Intent, as well as
additional information about
the Endowment Program, are
available from C. Kenneth Sar-
ason at 965-3939.
oL
All
45's
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list $1.29
UL.
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a-
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ct
0
399-1320
.
! WHY WORRY I !
`WYN and HAROLD LANDIS
HOME CATERING
Phone557-6157
• STYLE
• ELEGANCE
• BEAUTY
WYN-HAROLD CATERING
$798
8 track tapes
& Cassettes
$3 99 $5 -49
•.
Car
Tape
Players
& Speakers
on
SALE
WHOLESALE RECORD OUTLET
- 817 N. Main, Royal Oak, 1/2 Mile N. of 11 Mile
545 4410
Daily 10-9 Sunday 12-6
-
RECORD & TAPE SALE FRI. FEB. 14t
— SAT. 15th — SUN. 16t
—4
ONLY
OF BLOOMFIELD HILLS
-‘,
BRUCE and BOB
Proudly Announce The
GRAND OPENING
of Hillside Furniture
of Bloomfield Hills
WE
CAN SAVE
YOU MONEY!
BOB
BRUCE
BrUce and Bob display such_famous makers as:
Selig, Thomasville, Founders, American of
Martinsville, Stiffel, Rembrandt, Directional,
Serta, and many,'many more. During this
event Bruce and Bob are offering unheard of
savings on all these well known manufactur-
ers, whether it is in stock or has to be special
ordered.
During this spectacular celebration if Bruce
and Bob do not have what you want in stock,
they will gladly special order it for you at un-
believable savings, whether it is bedroom,
dining room, living room, or occasional furni-
ture.
Bruce and Bob can save you money on the
finest quality furniture and accessories, and
this is how! As the owners of Hillside, BruCe
and Bob do almost everything themselves and
pass the savings on to you. At Hillside Furni-
ture there are no Credit Managers, no Office
Managers, no Store Managers ; just Bruce and
--- Bob.
Hillside's professional Interior Design Service is
offered at no charge by the well known de-
signer, Barbara Blame Porter ; .she is always on
hand to help design and coordinate your se-
lections.
GRAND OPENING STORE HOURS:
Mon.-Fri. 10 am to 9 pm • Sat. 10 am to 5:30 pm • Sun. 12 to 5 pm
Bruce and Bob are looking forward to seeing you; just stop by and say hello and drop in a card for
the $100.00 drawing.
inside Furniture
OF BLOOMFIELD HILLS
master charge
BANNAMERICARD
Woodward at Square Lake Road
358-3399
rn
plus much more
GRAND OPENING CELEBRATION!
HILLSIDE FURNITURE
Camp Tavor Plans
Advisers' Program
Habonim Camp Tavor, Three
Rivers, has instituted a counse-
lor-in-training program for this
summer's camp season.
The program, to be held June
24-Aug. 18, is exclusively for en-
tering 11th grade students. Stu-
dents do not have to be Ha-
bonim members to apply,
however, only a limited number
of applicants will be accepted.
The camp also offers pro-
grams for 5th-10th graders. For
information, call Ethel Silberg,
968-8726.
$698
list LP's
all labels & artists •
All other Albums & Tapes on SALE
ce
Caricatures
SAM FIELD
SALE!
All list
All
0
(across from Ted's)
334-4745
waltene A ' 2(