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Syracuse Herald Journal in Syracuse, New York

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Newspaper

Syracuse Herald Journal

Location

Syracuse, New York, United States of America

Date

Mar 14, 1983

Page

10

Save for college and trim taxes with Clifford trust

A Clifford trust can fund a child’s college while shifting income to a child at lower tax rates. It must run over 10 years and be irrevocable. Prospects include tax-free first 1000 earned by the child, 100 dividend exclusion, and later up to 450 in interest exempt from taxes starting 1985.

Robert Tring Prentice- Hall Inc Clifford Reagan Clifford Trust Sidney Kess Main Hardman Kess Prentice Hall

Lake Placid hotel plan founder faces bank troubles

A $160 million Lake Placid Club Resort project led by John R. Swaim aimed to convert the 88 year old hotel and 1065 acres into a year round playground. Banks halted sales, work stopped, and Swaim was arrested in Florida as mortgage issues and lawsuits unfold.

Lake Placid Resort John R. Swaim St. Petersburg Fla New York State Swaim Minnesota Florida Lake Placid Club Resort Lake Placid Howard Riley Raley Mississippi Robert Abrams Lake Placid Education Foundation William Kissel Lake Placid Co North Mississippi Savings and Loan New York James Brooks First Bank of First Federal Mortgage ‘Corp Barnum Bank

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Carter Her Majesty Fayetteville By Louise Cook Associated Press Russ Girl Russ Sid’s Kids Sibley Rai Massanutten Village Harrisonburg North Mississippi Savings and Loan of Oxford Miss Massanutten Wptz-Tv Plattsburgh
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