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Newspaper
Scarsdale Inquirer
Location
Scarsdale, New York, United States of America
Date
Oct 24, 1925
Page
5
On Sundays and holidays call The Spink Agency in White Plains at 906 or the McKeel Agency in White Plains at 2504 for service and guidance.
A Scarsdale bank discussion notes that trust companies are increasingly used as trustees for life insurance and community trusts. Trusts may be funded or unfunded and proceeds can be disbursed as directed. Using a trust company helps cover Federal and State inheritance taxes and avoids obstacles donors did not foresee.
The passage argues that creating an agency improves adaptability to changing conditions and proper administration of trust funds. It notes many old trusts are useless as the original need no longer exists, with funds bogged down in court procedure.
The trust company operates to manage real estate for estates or trusteeships, handling leases, rent collection, insurance, taxes, and maintenance. It also offers custodial services for securities including safekeeping of bonds and coupons and depositing proceeds or disposing of them as directed by customers.
The article explains how trust companies monitor investment records and notices, inform customers about bonds and conversion privileges, and handle mortgages and tax payments. It credits thirty years of growth to convenience, bank-like permanence, financial strength, economical operation, and government supervision.
Under an order of Surrogate George A Slater of Westchester County creditors of Anthony M Gilligan late of Westchester County are directed to present their claims with vouchers to Regina M Gilligan executrix at Meighan Ne csulmer attorneys 120 Broadway Manhattan NY on or before December 30 1925 Dated New York May 22 1925 Reg ina M Gilligan Executrix Meighan Ne casulmer Attorneys for Executrix 120 Broadway New York City
The text notes that trust fees are moderate, many fixed by law, and apply equally to corporate or individual trustees. It outlines how these fees operate within standard trust management and underscores legal consistency across trustee types.
The Wayside Players announce the opening night moved from Saturday November 7 to Thursday November 12 due to cast members attending a football game Saturday afternoon and being unable to return to Searsdale in time.
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