| The ins and outs of revocable trusts
Q: Does a revocable trust protect assets against civil lawsuits? A friend told me this is true. As you have never mentioned this benefit, I think he is wrong. Can you clarify? CAROLINA via e-mail A: There is no protection against creditors with a revocable living trust. The premise of this trust is that the grantor, i.e., the person placing his or her assets in this trust, can amend it or restate it or revoke it at any time. When you have this much control over your assets, it's usually fair game for creditors. But a revocable living trust can do a lot of other good things for you, such as avoid probate and allow a trusted person to assume control if you become ill and cannot control your assets, so perhaps it should be explored in this context. Q: Does one need to hire a lawyer to create a revocable trust or could one do it by himself with the help of a software or a ''How to'' book? I do not know any lawyers and neither do my friends.
CITY HEEDS TOXIC LESSON OF SEPT. 11
STATEN ISLAND, N.Y. -- It was a lesson learned from the response to the Sept. 11, 2001 attacks at the World Trade Center. When officials rushed to the scene of last week's steam pipe blast in midtown Manhattan, they not only distributed masks and test the air for contaminants: One federal agency went into "full inspection mode," allowing officers to issue citations if responders weren't wearing required masks or companies were failing to provide necessary safety equipment. While officials insist the steam pipe blast did not result in dangerously contaminated air, it caused a billowing plume of steam and debris reminiscent of the smoke pillar that rose from the World Trade Center's debris six years ago. In the aftermath of 9/11, hundreds have reported developing serious health problems as a result of breathing in that toxic dust.
Get Off the Couch
Good ideas all around the house, compiled by The Morning News staff:Who would have thought that having a home vegetable garden would be considered so cool in the 21st century? But with all the talk about organics, E. coli, global warming, food miles (the distance that food travels from harvest to table) and nutrition, growing your own makes more sense than ever.And now it's easier than ever, too. Specialized, nutrient-rich, moisture-retentive soils, automatic timers and irrigation systems and more effective, eco-friendly solutions for pests and diseases are giving even the time-starved rookie gardener the tools needed for first-time success.That said, there are still some universal truths to vegetable gardening that are as pertinent today as they were centuries ago.* Pick the right location.Most vegetable plants do best in full sun.
Voted #1 Florida Press 2004 FIRST PLACE Best Web Site Florida Keys Keynoter
Monroe County's acting fire chief on Thursday had his trial on a drunk-driving charge set for Sept. 17 in front of County Court Judge Wayne Miller.James Callahan was scheduled to stand trial this coming Monday but his attorney had it delayed.Callahan, 61, was arrested March 3 after a traffic stop in Key West.
.
Serving Houghton, Keweenaw, Baraga and Ontonagon Counties Since 1858.
If you cant see it, then there is no problem.
The federal government spent how many millions to cover up the stamp sands on the Torch Lake shoreline.
But nothing was ever done about what was under the water. Last weeks contaminants were found in Lake Linden. With the low water levels this spring, one could go along the shoreline of Torch Lake and find rusted remnants of 55 gallon drums.
It is pretty well known there are a large number of drums lying on the bottom of the lake. If its not seen, there is no problem.
One would think that the Western Upper Peninsula Health Department and the Village of Lake Linden would of sided on the side of caution and closed the public beach. It cannot be more than 50 yards away from this new contaminated area and you have people swimming in the area.
(AFX UK Focus) 2007-07-23 23:03 GMT: Merck, Schering-Plough post profit jumps
TRENTON, N.J. (AP) - Pharmaceutical companies Merck & Co. and Schering-Plough Corp., partners in a lucrative cholesterol drug joint venture, posted hefty jumps in second-quarter profit Monday and handily beat analysts' expectations. Merck, which again raised its 2007 earnings forecast, got a pat on the back from Wall Street, with its shares jumping nearly 9 percent at one point. But Schering-Plough, whose profit more than doubled, saw its initial 2 percent rise in share price fizzle and ended the day flat, leaving analysts puzzled. "I'm not sure what's leading to the weakness" in Schering's stock, said analyst Joseph Tooley of A.G. Edwards & Sons. "It was a good quarter for them." Likewise, he said, the trend has been positive for pharmaceutical companies reporting so far in the quarter, with the exception of Pfizer Inc., which saw profit plunge 48 percent.
Extreme courthouse makeover
Unveilings of historic building begin this month. By Lisa OgleAMERICAN-STATESMAN STAFF Friday, August 03, 2007 GEORGETOWN — Crews are wrapping up the $9 million restoration of the historic Williamson County Courthouse. Some residents will get a sneak peek of the building at a fundraiser today, and it will be open to the public later this month, county spokeswoman Connie Watson said. .
Titans get court order to stop 'Pacman' from wrestling
NASHVILLE, Tenn. — The Tennessee Titans got a court order Friday that prohibits suspended cornerback Adam “Pacman'' Jones from participating in wrestling.Jones was scheduled to make his debut with Total Nonstop Action Wrestling on Sunday in a pay-per-view event titled “Hard Justice.''Citing its contract with Jones, the team said it asked a Tennessee court to intervene in order “to protect our rights in this instance.''“All NFL players have language in their contracts that prohibit them from engaging in activities ‘which may involve a significant risk of personal injury,''' said a statement from team spokesman Robbie Bohren. “We certainly believe wrestling to be hazardous, and it is obvious from the player's conduct that he is ignoring this aspect of his agreements with the club.''The court clerk's office in Williamson County, where the Titans filed their petition, confirmed a judge granted the Titans' request and said the documents would be available later Friday.The Titans cornerback was suspended by the NFL for a year because of several legal scrapes since being drafted in 2005.Worrick Robinson, an attorney for Jones, didn't immediately return a phone call seeking comment.
|
