84~-Lmcaster Farming, Saturday, May 10,1980
NEWARK, Del. - Some
people can grab a wrinkled
sweet potato, plunk it into a
jar of water, and almost
overnight have a lush, en
thusiastic vine that looks as
if it belongs in a botanical
garden.
Other people are
(Continued from Page B 3)
short paragraph type diary
be completed each year,
outlining the assistance the
wife has provided on the
farm. This diary, he said
should be enclosed with the
will.
That takes care of joint
tenancy by the entirety,
where the property passes to
the surviving spouse
automatically.
What about tenancy in
common? This type of
property ownership provides
for a partnership where the
husband owns half the
property and the wife owns
half. The way the property is
titled can give a couple some
of the most beneficial estate
planning for the future, Ford
said and recommended farm
couples consult with their
attorney, banker, or ac
countant.
In our complex society
today, it is not always easy
to segregate property by
titles of ownership. But,
where there is absolute
ownership of a farm, Ford
recommends setting up a by
pass trust which is similar to
the life estate of days gone
by.
“In a family with one or
more children who are
willing to go into the
business, and where the
father or mother own the
farm absolutely, the
following wording could be
incorporated into their will.
“I leave this property for
the utilization of my spouse
as long as he or she shall live
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Serving The Farm Community For Over One-Half Century
TERRE HILL, PA. 17581
Manufacturers & Erectors of Terre Hill
TRI-RIB STAVE SILO
FOR OLD
FASr
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WOI
■"’•ss P3tZ
CALL TERRE HILL (215) 445-6736 or
SALESMAN JAMES ESBCNSHADE 717 464 2090
Separating fact from fiction in mail-order plants
congenital black-thumers
Their plants develop root
rot, fungus, mildew, mealy
bugs, and general malaise.
In time they invariably slip
into a gradual decline like
wasted Victorian herpmes,
pale and thin, dropping
ever lower in their pots,
What’s this
and at the death of that
person, it then goes to rny
children.”
Assuming the husband
predeceases the wife
(current statistics show
there are 11% million
widows and widowers in the
U.S. and out of this total, 11
million are widows), the
estate is taxed at his death
but not at hers. “You have
effectively by-passed her
estate, and will have had
only one exposure to federal
and state taxes.”
A trust can be set up not
only to help save taxes, but
to also protect family
members who are young, old
or poor financial managers.
If the children are minors,
their property could be
managed by a trustee until
they reach legal age.
Or, if it is felt they will not
be mature enough to handle
the financial aspects of their
inheritance at age 18, the
trust can set up
management by the trustee
until they reach a later age
of the donor’s choice.
Until the time they are to
receive the trust hinds en
tirely, the trustee could be
instructed to pay the
children some or all of the
dividends.
This same type of trust
could be established for
parents, too.
How much can a trust
actually save you on estate
taxes? Next week we will
continue our study of trusts,
and look at their advantages
and disadvantages.
SEE AND
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Yet non-gardenti j never
lose hope. So when a come
on advertisement for a
super-plant appears, they
forget their past failures and
let wishful thinking take
over. We too can grow five
kinds of luscious apples on
one tree, strawbemes the
size of plums, and the
greenest lawn this side of
Palm Beach!
That fast-growing
specimen that soars into a
magnificent shade tree in
JUST ONE YEAR would be
perfect by the patio. Those
three-foot green beans and
four-foot squash would keep
them in vegetables all
summer. Well, not quite.
Dave Tatnall, extension
horticulturist, gets many
calls from disgruntled
gardeners who’ve fallen for
the “miraculous - amazing -
stupendous - incredible”
promises in misleading role
ads for mail-order plants.
“The plants may be okay,
but they’re rarely anything
special,” he says. “Usually
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exaggerated claims made
for them. And if they sound
really freaky, like snow
white cucumbers or coal
black sweet com, you should
definitely be suspicious.”
These ads that are so hard
to resist frequently appear in
well-known magazines and
Sunday newspaper sup
plements. Often they are in
glorious technicolor, and
usually promise satisfaction
or your money back. The
copy may read like science
fiction: “Plant now! Step
back! Watch out!” warns
one ad for “the fastest
growing shade tree ever
discovered.”
Indeed you had better
watch out. The Consumer
Protection Division of the
U.S. Postal Service has
taken legal action against
several mail-order nurseries
that are ripping off con
sumers with misleading
advertising claims. And
unhappy customers may
find that those money-back
guarantees don’t guarantee
anything but aggravation.
PHONE
717-394-3047
or 717-626-1164
SHOULD MEAN HOT WATER
4.
BOU-MATIC _
muunc srsrews
CLEANERS & SANITIZERS
Dave adds that many
excellent plants are ad
vertised in newspapers,
magazines and special
catalogs However, they are
usually available in local
nurseries, which may be
more likely to stand behind
their merchandise. Also,
most nurseries can provide
good advice and helpful
gardening tips to those who
want more information.
I
f\
N _4I
it!
Pk
Hi
, He says those who like to
shop by mail should stick to
the well-established mail
order nurseries of long
standing reputation.
When in doubt about what
to grow and how, contact
your county extension office
It can provide information
and make recommendations
on plants and gardening
products to help you
separate fact from fiction
4< MS' l
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CALL FOR
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