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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Jul 08, 1963
Page
10
The column clarifies how life insurance proceeds are taxed. If the deceased owner held the policy, proceeds may be in the estate for estate tax purposes. if someone else owned it, proceeds bypass the estate. Ownership changes risk unintended consequences, including future control by the new owner. Federal and state tax distinctions are explained.
A Greyhound bus bound from Memphis to St Louis skidded on a wet spot and plunged 30 feet down an embankment near St Louis. Three people died Cleophas Johnson Jack Wesley and Mrs Jessie Matthews. Fifty two were injured with 28 rushed to St Joseph Hospital and 24 to St Louis County Hospital. The driver Elliott Smith 34 had minor injuries.
L B Spacewater 26 named Parks and Recreation Director for Scottsdale will start July 22 with a $630 monthly salary. He supervised 35 Phoenix recreation leaders in a 55 000 person community and was chosen from 20 plus applicants. He lives at 7236 N 26th La.
Pope Paul VI left the Vatican to visit Clemente Cardinal Micara who is ill. It was his third out of the Vatican trip since election last month.
Non cancellable and guaranteed renewable to age 65 with a guaranteed premium. The policy pays you if you are disabled from accident or sickness.
Firemen blamed the sun and a compass for a fire that damaged a car. Officers said sun rays focused through a transparent compass in the car of Marion Bowen of Phoenix.
Congress expands its role in approving spending as multiple committees push for authorizations and preapproval before funds are released. In the new fiscal year only one of twelve needed appropriation bills has cleared, forcing continued funding through continuing resolutions.
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