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April 04, 1975 - Image 20

Resource type:
Text
Publication:
The Detroit Jewish News, 1975-04-04

Disclaimer: Computer generated plain text may have errors. Read more about this.

THE DETROIT JEWISH NEWS -

20 friday, April 4, 1975

GREENVIEW

Lawn and Gardening Service

BRUCE GARELIK
545-5515
STEVE PITTLER
546-6271
DAVID LEVINSON
546-6990

Taxes and Your Future

Lawn Cutting
Fertilizing
Bed Weeding
Shrub Trimming
- Spring Clean-up

0

PSYCHO-CYBERNETICS






Group has started!
Have 'YOU read the book?
Do YOU like the book?
Do YOU agree with the book?
Are YOU a WINNER?

This group is for POSITIVE PEOPLE to STIMULATE
other POSITIVE PEOPLE. If your answer is yes, call

543-6488

SHIRLEY CASH

YAL SAFARI

EAST AFRICA

79 Ddys including 2 Days London

DELUXE ACCOMMODATIONS
KENYA AND TANZANIA

ALL INCLUSIVE FROM DETROIT
*)0 Per
$1
Person
./ • • efi

BASED ON DOUBLE OCCUPANCY

19—JULY 6, 1975
ROYAL INTERNATIONAL _TRAVEL SERVICE

JUNE

Lathrup Village, Michigan 48076

28641 Southfield Rd.

559-3700

Abe Cheraw, Says.

Call us for a free home
estimate when you want
your furniture upholstered.
You'll be glad you did.
Labor only $85.00 for a
$45:00 for-a
sofa
chair.
Delivery when you want it.
CALL

US 4-5900

ARTISTIC UPHOLSTERERS INC.

5755 SCHAEFER RD.
(1 block North of Ford

1_

Dearborn -- LU 4-5900
Open Daily 8 a.m. to 5 p m

ABE CHEROW, President

Editor's Note: Guidance on
important problems provided
by Jewish Welfare Federa-
tion-United JeWish Charities
, Endowment Fund Tax Advi-
sory Committee. Professional.
advice about issues discussed
in these columns should be
secured from an attorney or
an estate planning adviser.
1 Questions of general interest
in these matters should be
addressed to "Taxes and
Your Fttture", care of the
Jewish News, 17515 W. Nine
Mile, Southfield, Mich. 48075.

Q: Recently, I've been not-
icing more talk and more re-
-- ferences to "estate plan-
. ning." Just___what is the
definition of estate plan-
ning?
A.: It will take more than
one column of "Taxes &
Your Future" to do' it jus-
tice. Let's begin with the
basics. --
A modern estate plan in-
volves the creation, conser-
vation and use of wealth to
secure maximum benefits
now, during disability and
at retirement; and the best
way to pdss wealth on to
family members, charities,
and others during life and at
death — with minimum
shrinkage caused by taxes
and inflation.
Estate planning is im-
portant for the wealthy,
but in fact it is equally
important for those of
"modes t-comfortable';
means. Actually everyone
has an estate plan.. It may
be -one that you have
created with competent
counsel, or the one created
for you without your spe-
cific consent by the laws of
your state of residence.
If you decide to create
your own estate plan, then
you and your estate planner

America first: to banish
the toil of children and to
display proudly to the world
not a single boy or girl un-
derprivileged, not a single
infant underfed.

Americans for Progres-
sive lsrael—Hashomer Hat-
zair will meet 8:15 p.m.
Wednesday at the Oak _Park
Community Center. _
David Saferstein will give
a presentation on "Aspects
of the Middle East Con-
flict-1975." Refreshments
will be served, and the com-
munity is invited. For infor-
mation, call Devera,Stocker,

should keep these things in
mind:
• The objectives of your
modern estate plan.
• Information regarding
your assets and liabilities.
It's Nice
• The importance of a
will in your estate plan.
To Deal With
• Saving federal estate
and gift taxes and probate
costs.
864-80357
• Charitable gifts during
life and by your will, includ-
SHOP 10 TO 5
ing gifts that pay you (and a
DAILY, THURSDAY 'TIL 9.
SUNDAY
12 TO 5
survivor) life income and
save you taxes, capital gains
20811 W. 8 Mile
taxes, estate taxes, and
between Southfield & Tat/graph
probate costs.
• How and when to re-
view your existing estate
for the firing decor in your home_
PLANTS
plan.
and POTS
Our Promise To You:
Effective estate planning
In The Country Village Center
is a team effort. Your law-
BETTER SERVICE!
20099 W. 12 Mile Road
yer. is the captain. He is
at Evergreen, Southfield
- 352-2089
helped by your accountant,
financial adviser, trust-offi-
cer, and life insurance un-
derwriter. You, the individ-
ual whose estate—is being
planned,- are an important
member of the team be-
cause you supply motivation
and specific objectives.
The very nature of an es-
24700 N. Western Hwy.., Suite 106
tate plan precludes any for-
355-4544
mula for a standard plan. A
good plan is tailored to fit
each individual. However,
estate plans have certain
GRAND OPENING OF
common features, such as:
your wishes as planner, a
means to communicate
those wishes in the future
— a will, the desire to in-
crease spendable income
now, the aim to provide se-
curity during retirement or
—Joe Felice—Dick
disability, a search for the
- Stein-
most effective way to pass
• the finest in clothing and equipment
property to family, friends,
-
• one day stringing service
charities.
Also competent property
• register for a free weekend at
management for benefici-
Irish Hills Tennis Camp
aries who might- be unable
and other prizes
to handle financial mat-
ters, minimization of in-
29901 Northwestern Hwy.
come, gift, estate and in-
- all
heritance . taxes
consistent with your desire
358-0796
for disposition of your
property; minimization of
probate and transfer costs,
liquidity to pay estate and
LOOK FOR OUR CLASSIFIED AD
inheritance taxes, admin-
VERSATILE INSTALLATIONS
istration expenses, and
No bulky heads. -
debts; avoidance of uncer-
Levolor Riviera ..
tainty and litigation and
No tilt cords
blinds have thin
heads designed
minimization of inflation-
.cry,-.10ear
to match. the rest

War'd allac , nd
otthe bind in
ary -erosion.
beauty..
2"c
lets yio tilt
To help- your adviser help
No tapes.
without curds
Levolor Riviera
you make a list of the. per-
blinds have no
tapes The tapes
sons and charitable institu-
have been
replaCes by slat
tions you wish to benefit,
supports less
• thn,
make an inventory of your
Cleaning ' is a ono.
Just spOnge.Wtp,,
persOnal assets, list the cost
the Slats.
basis of each of your assets,
No wide, •
dust-catching
on the other side of the
slats. Levoior
Riviera blinds
ledger, list what you owe
have slats less
No shifting.
and subtract your total lia-
than 1 - wide
bilities from your total as-
topieveMnli,
sets to arrive at your net
shining
worth.
No controls
Once you've determined
where you don't
want them.
your objectives and listed
You choose
where you want
the nature and value of your
the controls on a
Levolor Riviera
assets, you will have the
blind Magic Wand
VERSATILE
basic information needed by
lift cord on the
INSTALLATIONS
right.
one
the advisers who will help
versa Or both on
right.
the telt
you plan your estate.
Introduces
For a check-list to help to
Levolor Riviera Blinds
Look to be sure!
prepare for this session with
favorite horn almost
Tne golden tab on
unsuccessfully imitated the
80 Levolor Riviera
the bottom bar
your planners, call C. Ken-
Colors
world over
certilies n s realty
neth Sarason, 965-3939, or
a Levolor R.viera.
For Estimate
-rite JWR-UJC Endow-
ment Fund, 163 Madison
& Consultation
Levolor Blinds meet all
Government Product
Ave., Detroit 48226. These
Solely Standards
Call Chris Birchall
check-lists are available at
no cost, confidentially and
399-5886
with no obligation.

,

A

API-Hashomer
to Have Meeting

Joe Slatkin's
DEXTER
CHEVROLET

534-1400

INCOME TAX Et
ACCOUNTING SERVICES

Lawrence Beresh

-

THE PROFESSIONAL
TENNIS SHOP

,

-

.



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TO ISRAEL ?

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