Development Officer (Fifth in a , * = ; - greatest gifts which a king could bestow upon one of his subjects was to give them the privilege of passing to his heirs the property and rights he had accumulated. All title was 3) assumed to be vested in the king. And when a subject died, the king could give the property to whomever he chose, unless he granted the subject the privilege of naming his own beneficiary. Today we take as a matter of course the fact that we have the right to leave our property to whomever we choose. The life. monthly noon lecture open to the supplement those available locally. Mr. Hurst said income form the (1) Persons (those for whom you not be apparent until next year, he spouse, son, daughter, others) said. pitfalls . . . such as long-term disability that may prove to be forced retirement, or lack of cash in the estate which may require forced liquidation. And forced liquidation to get money to pay settlement expenses, debts, taxes, and fees can often mean the removal of the heart of your estate. An estate plan is not a will, though a will may be the foundation of your estate planning. It is not a mechanism to avoid taxes. It is not a tool to avoid probate costs... though it can save paying unnecessary taxes and avoid some probate expenses. Seven out of every eight adults die without a will; less than 50 percent of those with estates over $60,000 have a will; and of those who have a will, eight out of ten provide for outright distribution of the estate. If you die without a will (in legal terms, “‘intestate’’) a court will divide your property according to state law. Your spouse may have to involving Dr. Ritchey, Dr. Rodney Self-support now and in old age?) (4) Planners (your professional advisors: your attorney, your trust officer, your life insurance agent, efforts to work his way through become president and member of the) board of directors of the corporation’ in 1958. H. Brady, WSC president, and Mr. Hurst. Mr. Ritchey recalled his own © Joy, Born and reared near Kokomo, Ind., he is married to the former Helen Hively and they have two sons. advantage of many tax-saving too late, perhaps, even to provide adequately for your children. If you are interested in the personal benefits that come from protecting your present and future earnings through estate planning, or would like further information on making a gift to Weber State College, please complete the following information and mail to: The Development Office 1011 Weber State College Ogden, Utah 84408 or call (801) 626-6568 Jim Sabin, left, manager of the Ogden plant, Bertea Control 7 Systems Division, presented A. Kent Randall, dean of the School of Technology, center, a check for $2,400 to be used for four $600 scholarships for capable persons waiting to become machinists. Student, Stephen Mark Lucus, explains his program. Bertea, which is a manufacturer of hydraulic systems for air estate planning, or contributions to ) craft, NAME Ogden ADDRESS force STATE ZIP is one of the new companies which has moved Wy into the ) } area because its administrators felt that the local work contained many precision work needed. who could be trained to do the kind of Because of the strong demand for skilled help, Bertea in cooperation with some other companies decided to work with WSC to get capable people trained. The scholarship program, now in its second year, is part of that effort, Dean Randall said, — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | The years you attended Weber: 19 to 19 we years your spouse attended eber: © was opportunities; too late to take a few simple steps to reduce probate costs; Weber State College. Phone ( @ T Thiokol Corp. in 1970. He had If you do not have an estate plan, now is a good time to consider making one. If you wait it could be too late — too late to take Charitable Unitrusts I would like additional information on the advantages of Q © He was elected chairman of the your certified public accountant.) Estate Planning - A Blueprint CITY tea: win board and chief executive officer of © The gift came after meetings real estate, stocks, bonds, home, etc.) (3) Plans (What are your goals? Please send me your booklet on: | 1 ————————-—-—------+ share your estate with relatives. societies and has received numerous interest. Its benefits probably will should be done by you -- not some mic tho pre awards. bequest will not become available at are responsible — yourself, the degrees from WSC, Purdue and Utah State University. He has held membership in many professional once since it needs time to accrue your family. Planning your estate (2) Properties (cash, insurance, 7 ami He holds honorary doctorate planning processes and work to a approach. These are: gor He added a doctorate in physical additional money will help provide honorariums for these as well as to bring in off-campus speakers to conclusion to develop your estate plan might follow the ‘4 P’s” an chem.stry in 1938. speakers. Mr. Hurst said the The next step is to gather or review the facts. The facts you will need in order to start the estate 1€t 1934, he received a bachelor of science degree in chemical homes, jewelry, etc. Estate planning all sorts of dangerous and costly “U Purdue and Cornell Universities. In) lecture series. is simply setting up a plan for the A good estate plan is a bridge that takes you and your heirs safely over eter your will is the first step in better W inal 4 bel ‘ Ut public and using principally local survivor. - Aen provided by $5,000 of the bequest will be used to support the Sigma Xi _ foc institution at the most economical level for the donor and with full benefit to the recipient. Dr. Ritchey was educated at significant changes in your way of inexperienced or uninformed ” trusted? Are your beneficiaries still alive? The notion to make or check method of giving to a charitable four years or whenever there are so they will do the most for you and Ba! Dean W. Hurst, WSC vice president for college relations, said the bulk of income from the fund will be used to provide scholarships in the physical sciences. Interest privilege is often neglected. and distribution of your possessions af Le Perhaps you already have a will. When was it written? Did you make it in one state and then move to another? Did you name an executor who is no longer alive, nearby or Corp. executive, for the scheduled to present one of the ey establishment of the Harold W. and lectures this year. ) Pe Helen H. Ritchey Physical Science Mr. Hurst said the approach Dr, | “@S Scholarship and Lecture Fund at the _ Ritchey used in presenting dic college. appreciated stock is an excellent ea opportunity presented by this creation, accumulation, conservation I regardless of need, and a guardian will be appointed for minors and = must answer to the court. High costs and taxes may further drain your estate. Sigma Xi, science research society, | engineering and a master of science | has for some time sponsored a degree in physical chemistry in 1936 estate is everything you accumulate before you die — money, stocks, bonds insurance, cars, furniture, ay Your children will share equally, stock has been received by Weber State College from Dr. Harold W. Ritchey, retired Thiokol Chemical estate planning. Then your will should be reviewed every three to You may not be aware that your ha = eee a" In the Middle Ages one of the : 4 if f | school as one of the stronger motivating forces behind the gift. Dr. Ritchey is a frequent attender of Sigma Xi lectures and is himself An endowment of about $30,000 in series on Estate Planning) a a Ritchey scholarship fund by Peter Maughan, WSC ‘ ne << Where there is a will... #7) } |