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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (April 18, 1960)
g MAIL TRIBUNS, MsoW, Or. Mond.y, April II, 18 They'll Do It Every Time .. By Jimmy Hatlo wuirt?B TUFV Y THEY fiOTTA BRING EACH SO TMEV AST M6 STANDIN6 AROUMD I OTHER UP TO DATE ON TO HELP OUT WITH THE LITTLE LEAGUE-1 FORAKE THty I WHAT THCT UIU ON (tKkA APRAIO OP- FlRMA OVER THE WEEK END" SO I SHOWS UP NICE GETTING) W EARLY SATURDAY TONKIN" ITU &ONNA-COACH-JSO WHAT DO T BUY THEV WANT Me TO DO BUT DIG ROCKS OUTATHE WREU- 1 5 iiiii dfi I -.-.isVrmmivKCMtulioI WHATYJETHEV Y THEY GOTTA BRING EACM M SO THEY AST M6 X TOLD MV BROTHER STaNDIN(i adquHd OTHER UP TO DATE ON : (gjj W TO HELP OUT WITH IN-LAW X D vCWAPIs )WHEN Ht &HOWS UP l CAR-SICK? , AND SAVS IVE BEEN iVl .-WMAT IS ASK 'EM -J COIN' THE WRONG V T"'THS? THREE VwHAT FLOOR ) FORTM IIS V BOAT" I I A- jwrei- nm M "fete Z2ZT ugM!soi-H ceo ALWAYS SCW 'PEAKMO OP BOTTLE-1 NECKS-THESE BOTTLE NECKS SPEAK FOR And a HATLO HAT TIP TaDiMITRI TiOMKlN. GbJ 3J5 S.windsor Blvd., wSS, What Is The Law? Thll column If prepared as a public sarvica by the College of Law. Willamette Univeriity, Salem, to explain basic legal principles, not to provide legal advice. The reader is cautioned not to apply theia cases to his own problems without an atlornr. , advice, tor diifering facts may change the outcome Insurance Can Be Paid To Beneficiary In Many Ways When Ivan decided to take out a life insurance policy on his life in order to protect his wife, Tina, he found there were a variety of ar rangements that could be made relative to payment of the proceeds of the insurance. Tina could be named bene ficiary and, upon Ivan's death, the policy would pro vide that Tina could got the proceeds in a lump sum or have it paid to her over a period of years by the insur ance company. If Tina elected to have the company keep the money for her, there were several alternative methods of payment that 1 h e could choose. Ivan also found out that he could name a trust company as beneficiary of the policy. He would enter Into an agree ment with the trust company to use the proceeds of the policy for the benefit ot Tina and any children that Ivan and Tina might have. The in handling the money for the beneficiary. Who is the bene ficial owner of the money? The instrument creating the trust can give the company powers relating to the invest ing of the proceeds and the payment of the money to the beneficiary. If Tina needed expensive medical attention, the trustee could be given the power to pay for it. The in come that Tina receives will normally be affected by economic trends and will probably increase In case of inflation. Offers Flexlbiltiy As can be seen, the "life insurance trust" offers flexi bility and a hedge against in flation while the "insurance option" offers more stability and a means by which all of the principal of the insurance proceeds and the income earn ed on that principal may be consumed at the death of the beneficiary. In the case of a small policy (less than $10,- 000) an insurance trust is trust company would be In- normally not practical Tina periodically during her I lifetime. Must Consider Factors In deciding whether to name Tina or a trust company i beneficiary Ivan should consider the following factors. Most courts have held that an Insurance company holding the proceeds of a policy for a beneficiary la not a trustee. The company is a debtor of the beneficiary. Therefore, the money really belongs to the insurance company and the company has the duty to pay the beneficiary in accord ance with the terms of the op tion selected by the bene ficiary. The amount that the beneficiary will receive each year Is normally a fixed amount that will not be changed by economic forces. If a trust company receives the proceeds a trust is created and the company must exer cise reasonabe care and skill Royal Family Tired Of Bad Publicity London-WPD-Wilh only three weeks to go before Princess Margaret's wedding, the Royal family was devoutly hoping Saturday that the engagement would run its course without further surprises or sensa tions. Royal circles said the Wind sors feel there has already been far too much undesir able publicity and gossip mostly in Europe and over seas and that from here out the accent should be heavily on romance. So Saturday the Princess and her finance, Antony Armstrong-Jones, joined the Royal party at Windsor, where the gradual process of making him feel a member of the family will move another step forward with his attendance at the traditional Easter lun cheon today. Medford's Finest Meats MORRELL'S YORKSHIRE SLICES FROM YOUNG GRAIN FED PORKERS bacon THICK SLICED pobk STEAK LEAN TENDER FULL FLAVOR ib. 43 PIPING HOT - READY TO EAT C LOCATIONS TO SERVE YOU EASTSIDE BIG Y 608 EAST MAIN OAKDALE BIG Y 11TH AND OAKDALE Salem -HIHI- A 16-year-old Independence boy was killed Saturday afternoon in the col lision of a car and motor scooter on South River road about one-half mile from the Independence bridge. The vic tim, who drove the motor scooter, was Identified as Don ald Neil Harter. Pilots Association Checking Electras Washington (IIPD- The presi dent of the Airline Pilots as sociation said Saturday the ALPA Is conducting its own Investigation of Elcctra air liners and will refuse to fly them if it decides they should be grounded. . Clarencn Sayen, head of the ALPA with headquarters in Chicago, told United Press In lernationai tne pilots' group has been "watching the whole thing closely" since two of the prop-jet Electras were involv ed in recent mysterious crash es. "We have engineers at Lock heed plants and inspectors in all regions of the country," Sayen said. "If we decide the plane should be banned, we'll do It ourselves by just refus ing to fly them." Gamble and Hubby Arrive in Texas San Antonio, Tex. - (lipp - Honeymooning heiress Gam ble Benedict and Andre Por- umbeanu arrived In San An tonio from New Orleans Sat urday In a rented car and checked into 1 downtown hotel. Porumbeanu told room clerk Jack Sanders that they planned to stay in San Anton lo "for couple of days" In order to visit some Air Force friends. Neither the 19-year-old helr- , ess to the Remington type writer fortune nor the 39-year-old former chauffeur would say where they planned : to go from here. 1 Protect Your Precious Furs! 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