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October 02, 1987 - Image 119

Resource type:
Text
Publication:
The Detroit Jewish News, 1987-10-02

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

MOD TECH FURNITURE, INC.

Coming Soon!

PTIR manufacturer of custom furniture

• WOODS
• LAMINATES
• CONTEMPORARY • TRADITIONAL

553-2246

Dance Studio

Barry Douglas
Call 6-81-41-01

ceedings are of public record.
In contrast, the single parent
trust is settled with court pro-
ceedings, the process is
quicker, more private and
avoids legal fees, court costs,
and the frustrating delays of
Probate Court.
• One of the most impor-
tant advantages of a single
parent trust is that the
parent can control when the
receive
children
disbursements, the amount
they are to receive and who
shall retain control of the
funds. The trust can retain
the assets invested until the
reach
beneficiaries
designated ages when partial
disbursements can be made
thereby holding off sizeable
amounts of cash being placed
at the disposal of an 18-year-
old (age of majority in
Michigan) which is what hap-
pens when there is only a
will.
• The trust may be chang-
ed or revoked entirely at any
time by the parent. Assets
may be added to the trust,
withdrawn or sold. However,
once the owner dies no one
else can change or revoke the
trust.
• In the single parent trust,
the owner can name a guar-
dian to manage the affairs in
the event the owner is ever
legally declared incompetent;
without the trust the court
can appoint a guardian
thereby frustrating the
desires of the parent who
would have chosen a different
guardian.
Disadvantages of a single
parent trust are relatively
few. Basically there is the in-
itial inconvenience of
transferring accounts and
titles of property into the
trust. Occasionally, in the
case of refinancing real
estate, some institutions may
require the property be
transferred out of the trust
prior to receiving a mortgage,
however, once the transaction
is completed the home may be
transferred back into the
trust.
The costs of a single parent
trust are relatively small
when compared with the
financial gain and peace of
mind gained by proper plan-
ning. The single parent trust
is a tool for good financial
planning and protection of
assets for the benefit of
children. It can be useful for
all single persons who have
acquired assets whether they
be widows, divorcees, or
unmarrieds.

Loving Topic
Of Discussion

The Farmington Communi-
ty Library, Farmington
Branch, will present a discus-
sion on "The Difficulty of Lov-
ing" at 7:30 p.m. Oct. 22 at
the branch, 23500 Liberty,
Farmington.
Dr. Joel Cohen of Oakland
Community College will lead
the discussion. For informa-
tion, call the library,
474-7770.

Break The Fast
Dance Saturday

Jewish singles of all ages
are invited to dance and
socialize at the Jewish Com-
munity Center's annual
Break The Fast dance, slated
for 9 p.m. Saturday at the
main Jewish Center. There
will be music for dancing and
food. There is an admission
charge. For information, call
the Center, 661-1000, ext.
347.

'Walk For Wild'
Project For CNJS

The Community Network
for Jewish Singles will join
the Walk for the Wild to
benefit the chimpanzee ex-
hibit at the Detroit Zoo at
7:45 a.m. Sunday at the zoo.
Persons who are interested
should pick up an entry form
at Hudson's. There is an en-
try fee. The group will meet
inside the zoo entrance.

Singles Begin
Football Games

The Community Network
for Jewish Singles announces
its co-ed football games will
be palyed 10:30 a.m. Sundays
at the Brace-Lederle Field,
Southfield. All are welcome.

mmm•ml NEWS 1

Luggage
Briefcases

Handbags
Jewelry

1"•'m

Stamp Contest

New York — A contest for
youth to design a JNF stamp
has been announced by the
education department of the
Jewish National Fund.
Any Jewish student in the
United States or Canada is
eligible to submit a design for
what will be the first stamp
issued by the JNF in the
United States since 1968. A
first prize of $150 will be
awarded the top finalist.

Accessorize
For Fall

APPLEGATE TRAVELERS
SQUARE TOWER

\: 57-1800 356-1801

PETITES

WISHING EVERYONE A r)
HEALTHY & HAPPY
NEW YEAR )

Sizes 0 to 14

tok.PVGiti/GO

AT SUGAR TREE ON ORCHARD
LAKE ROAD. FIRST SIGNAL LIGHT
NORTH OF MAPLE ROAD ON THE
RISING SUN SIDE OF THE STREET

Made for each other
separates. Wool jersey
skirts, pants & tops to coor-
dinate with our hand knit
jackets and coats.

29107 Northwestern Hwy.
358.4085
at 12 Mile

Franklin Plaza

JEWISH SINGLES

For Selective Dating Call

LO-LA

The Dating Service

Try our complimentary interview
strictly confidential

P.O. Box 254
Lathrup Village, MI 48076
356-0949

Claire Arm
Mildred Rosenbaum

Don't Leave it to Chance!

If you are single and seriously
interested in meeting your partner
for a long lasting relationship and
best marriage potential, this unique
service is for articulate, intelligent
and successful individuals who
prefer discreet and dignified
introduction.
This is not a dating service!
Love & Marriage can make
it happen.

Love & Marriage

Personal Introduction Service Inc.

851-9955

Zahava Shalom

M-F 10-4

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Give every
NEWBORN
the
advantage

Support the

March of Dimes

SIR H OEFECIS OU N DA I TON

Get your dancing shoes ready
for the annual
BREAK THE FAST DANCE
Saturday, October 3, 1987, 9:00 p.m.
• Dancing
• Food
• Fun

Admission $7.00
Jewish Community Center 661-1000

THE DETROIT JEWISH NEWS

87

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